Tata group's metal stock hits lower circuit after Tata Steel merger news
Tata Steel merger: After hitting upper circuit on last 5 previous sessions, TRF shares today opened lower and touched lower circuit within few seconds of opening bell
Tata Steel merger: TRF shares are one of the seven Tata group metal companies that are going to merge with Tata Steel Ltd. The board of directors considered and approved Tata Steel's merger plans with other allied metal companies of the group on Thursday and this Tata Steel news seems to have working on Dalal Street today. As Tata Steel share price has surged near 1.50 per cent today, listed Tat group metal stocks have received heavy beating since early morning deals. TRF share price has hit lower circuit whereas Tata Metaliks share price has slipped near 3.50 per cent in intraday trade session on Friday.
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