{"id":108759,"date":"2023-09-01T14:55:40","date_gmt":"2023-09-01T09:25:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108759"},"modified":"2023-09-01T14:55:42","modified_gmt":"2023-09-01T09:25:42","slug":"2-tata-group-stocks-reach-fresh-52-week-high-after-providing-an-update-about-their-merger","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/2-tata-group-stocks-reach-fresh-52-week-high-after-providing-an-update-about-their-merger\/","title":{"rendered":"2 Tata Group stocks reach fresh 52-week high after providing an update about their merger\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3693398122\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of two Tata Group companies appreciated to the tune of 5% each after they provided an update about their merger.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2541572089\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TATASTEEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Steel<\/a><\/strong> gained 4.72% to reach a fresh 52-week high of \u20b9 128.70 apiece, while <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TATASTLLP\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Steel Long Products<\/a><\/strong> gained 4.81% to reach a fresh 52-week high of \u20b9 818.75 apiece, on the National Stock Exchange (NSE).\u00a0<\/p><p>Earlier this year, the Tata Group had announced the merger of seven subsidiary companies with Tata Steel. Tata Steel\u2019s CEO and managing director T V Narendran said that this merger is expected to be completed in 2023-24. However, it depends on regulatory processes including NCLT clearances.&nbsp;<\/p><p>Tata Steel\u2019s board had approved a proposal to merge six of its subsidiaries into itself for greater synergies, higher efficiency and reduced costs. These include Tata Steel Long Products (TSPL), The Tinplate Company of India, Tata Metaliks, TRF, Indian Steel &amp; Wire Products, Tata Steel Mining and S&amp;T Mining Company. Later Angul Energy was added to the list.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3308341191\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company recently informed the bourses that it has filed a petition with the National Company Law Tribunal (NCLT) seeking sanction to the scheme of amalgamation amongst Tata Steel and Tata Steel Long Products and their respective shareholders. This petition is fixed for final hearing and disposal before the NCLT on Monday, September 11, 2023.&nbsp;<\/p><p>Tata Steel is Asia&#8217;s first integrated private steel company setup in 1907. It has a presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products.&nbsp;<\/p><p>With a market capitalization of \u20b9 1,50,325 crores, Tata Steel is a small-cap company. It has a low return on equity of 12.43% and an ideal debt-to-equity ratio of 0.82. Its shares were trading at a price-to-earnings ratio (P\/E) of 92.48, which is higher than the industry P\/E of 22.32, indicating that the stock might be overvalued compared to its peers.&nbsp;<\/p><p>Tata Steel Long Products is engaged in manufacturing high alloy steel, primarily for the auto sector and wire rope industry, and sponge iron for use by the secondary steel sector. It is a small-cap company with a market capitalization of \u20b9 3,523 crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2084539077\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of two Tata Group companies appreciated to the tune of 5% each after they provided an update about their merger.&nbsp; Tata Steel gained 4.72% to reach a fresh 52-week high of \u20b9 128.70 apiece, while Tata Steel Long Products gained 4.81% to reach a fresh 52-week high of \u20b9 818.75 apiece, on the National [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,5494,6577,11211,11615,11616,11614,5932],"class_list":["post-108759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-tata-steel-2023","tag-tata-steel-future","tag-tata-steel-latest-news","tag-tata-steel-long-products-latest-news","tag-tata-steel-long-products-merger","tag-tata-steel-long-products-share-price","tag-tata-steel-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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