Tata Steel's plan for first green loan draws attention as its shares climb 1.30%

In the current trading session on the BSE, the stock price of Tata Steel increased by 1.30% to reach ₹109 compared to the previous day's closing price of ₹108.90.

The stock has experienced a lot of fluctuations over the past six months. 

A total of 3.85 lakh shares were traded, resulting in a turnover of ₹4.17 crore. The market capitalization of the Tata Group company was ₹1.33 lakh crore.

Furthermore, Tata Steel's technical indicators show that its relative strength index (RSI) is at 54.8, suggesting that it is not currently in an overbought or oversold state.

The stock has a high beta of 1.3, indicating significant volatility over a one-year period.

Although the stock is trading above the 5-day, 20-day, 50-day, and 200-day moving averages, it is below the 100-day moving average.

Meanwhile, Bloomberg reported that Tata Steel Ltd. is in talks to raise as much as $400 million, according to people familiar with the matter, in what could become the company’s first green loan.

The debt could have a tenor of about five years and the proceeds would be used for capital expenditure, said the people, who declined to be named because the matter is private.