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Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 157764.72 Crore) operating in Metals - Ferrous sector.

“Some of the power names are near monopolies in their area of operations and we have also seen some of them monetise their assets by way of InvIT sales and things like that. People should be looking at that space rather than chasing some of the new IPOs where there is no underlying free cash flow and only a promise of glory down the road.”

In the spot market, highest purity gold was sold at Rs 47,102 per 10 gram while silver was priced at Rs 61490 per kg on Monday, according to the Indian Bullion and Jewellers Association.

A total of 47,056 shares changed hands on the counter till 12:09PM (IST)

The Relative Strength Index of the stock stood at 67.41 on Tuesday.

In the 50-share pack Nifty, Tata Motors was the biggest gainer, up 2.96 per cent. Bajaj Auto, Hindalco, Eicher Motors, JSW Steel, SBI, Tata Steel and Hero MotoCorp were among other gainers.

FII holding in this stock is non-substantial at 0.16 per cent. None of the mutual funds have exposure to this stock.

“We invest significantly in talent development and it has been our core competency and a differentiation in the market for many years.”

Bitcoin climbed above $57,000 for the first time since May as speculators bet that the largest cryptocurrency will retest the record highs reached earlier this year.

The stock quoted a 52-week high price of Rs 1063.75 and a 52-week low of Rs 660.1.