High Value Turnover and Trading Volumes
Tata Steel emerged as one of the most actively traded stocks by value on the day, with a total traded volume of 99,48,679 shares and a total traded value of approximately ₹198.91 crores. This substantial turnover underscores the stock's liquidity and appeal among market participants. The stock opened at ₹202, representing a gap-up of 2.51% from the previous close of ₹197.06, and touched an intraday high of ₹203, marking a 3.01% gain during the session. The last traded price stood at ₹198.77 as of 09:45 IST, reflecting a day change of 0.94%.
Outperformance Relative to Sector and Sensex
In comparison to its peers, Tata Steel outperformed the ferrous metals sector, which recorded a modest 0.22% gain, and the Sensex, which rose by 0.40% on the same day. The stock’s 1-day return of 1.05% highlights its relative strength and investor preference amid a broadly positive market backdrop. This outperformance is further supported by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained bullish trend.
Institutional Interest and Delivery Volumes
Despite the strong price action, investor participation as measured by delivery volumes has shown a decline. On 6 February, the delivery volume was recorded at 76.36 lakh shares, which is a significant 49.47% drop compared to the 5-day average delivery volume. This suggests that while the stock is experiencing high turnover, a portion of the trading activity may be driven by short-term traders or intraday participants rather than long-term holders. However, the stock remains highly liquid, with the capacity to handle trade sizes of up to ₹9.67 crores based on 2% of the 5-day average traded value, making it attractive for institutional investors and large order flows.
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Mojo Score and Rating Update
Tata Steel currently holds a Mojo Score of 75.0, reflecting a strong buy recommendation, although this represents a slight downgrade from its previous 'Strong Buy' grade as of 1 January 2026. The downgrade indicates a more cautious stance, possibly due to recent volatility or valuation considerations, but the overall outlook remains positive. The company’s market capitalisation stands at a robust ₹2,45,988 crores, categorising it as a large-cap stock with a Market Cap Grade of 1, denoting high quality and stability within the ferrous metals sector.
Technical and Fundamental Outlook
The stock’s technical indicators are favourable, with prices consistently trading above all major moving averages, signalling sustained upward momentum. The new 52-week high of ₹203 reinforces the bullish sentiment. From a fundamental perspective, Tata Steel’s position as a key player in the ferrous metals industry, combined with its large market capitalisation and liquidity, makes it a preferred choice for institutional investors seeking exposure to the metals sector.
Market Context and Sector Dynamics
The ferrous metals sector has been witnessing moderate gains, supported by improving demand fundamentals and stable raw material prices. Tata Steel’s outperformance relative to the sector suggests company-specific strengths, including operational efficiencies and strategic initiatives that may be driving investor interest. However, the decline in delivery volumes warrants monitoring, as sustained investor participation is crucial for long-term price stability.
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Investor Implications and Outlook
For investors, Tata Steel’s current trading activity presents a compelling case for inclusion in portfolios seeking exposure to the ferrous metals sector. The stock’s liquidity and ability to absorb large order flows make it suitable for institutional investors and high-net-worth individuals. While the slight downgrade in Mojo Grade suggests a need for cautious optimism, the overall technical and fundamental backdrop remains supportive of further gains.
Market participants should keep an eye on delivery volumes and broader sector trends to gauge the sustainability of the current rally. Additionally, monitoring global commodity prices and demand outlooks will be critical, given Tata Steel’s sensitivity to raw material costs and international market dynamics.
Summary
In summary, Tata Steel Ltd’s strong value turnover, new 52-week highs, and outperformance relative to sector and benchmark indices highlight its prominence in the current market landscape. The stock’s robust liquidity and institutional interest underpin its attractiveness, while the recent rating adjustment calls for measured optimism. Investors are advised to consider these factors carefully when evaluating Tata Steel as part of their investment strategy.
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