Tata Steel up 2% in a weak market on stock split plan; zooms 13% in 3 mths

A stock split is generally undertaken to make the stock more affordable to small retail investors and increase liquidity

Shares of Tata Steel were up 2 per cent at Rs 1,349.80 on the BSE in Monday's intra-day trade, in an otherwise weak market, after the company said the board will meet on May 3, 2022 to consider stock split proposal.

At 09:50 am, the stock was up 1.9 per cent at Rs 1,343.80 as compared to 1.8 per cent decline in the S&P BSE Sensex.

"A meeting of the board of directors of the Company will be held on May 03, 2022, to consider a proposal for sub-division of the equity shares of the Company having a