Tata steel shares: Should you buy, sell or hold after stock split

Tata Steel share split on 1st August 2022. The Tata group company has announced Tata Steel stock split in 10:1 ratio. 

Tata Steel share split on 1st August 2022. The Tata group company has announced Tata Steel stock split in 10:1 ratio. 

Tata Steel share price today opened upside and went on to hit intraday high of ₹100.35 apiece levels on NSE 

Advising positional investors to maintain buy on dips strategy in regard to Tata Steel shares 

Stock market investors can maintain buy on dips strategy in this steel stock for around 25 per cent to 40 per cent upside in next 3 to 5 months."  

The Choice Broking analyst went on to add that traders can take position in the counter maintaining stop loss at ₹90 for ₹115 target

whereas positional investors can buy the counter and keep on adding on dips maintaining stop loss at ₹85 apiece levels. Tata Steel stock may go up to ₹125 apiece levels in next 3 months. 

Tata Steel has managed to deliver better Q1 numbers. This is because of the improving sentiment in the auto sector.  

Punit Patni went on to add that long-term investors with moderate to high-risk appetite can accumulate the stock on dips as the demand outlook remains positive in the long term