Trending stocks: Tata Steel share price gains over 1%

Trending stocks: Tata Steel share price gains over 1%

Posted on by admin

NEW DELHI: Shares of Tata Steel Ltd. traded 1.19 per cent up in Tuesday ‘s trade at 11:51AM (IST). Around 4819044 shares changed hands on the counter.

The scrip opened at Rs 279.0 and touched an intraday high and low of Rs 279.9 and Rs 273.4 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 544.95 and a 52-week low of Rs 250.85 .

Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 30832.02 Crore) operating in Metals – Ferrous sector.

CEO and Managing Director T V Narendran has stepped down as President of the Indian Steel Association (ISA) months before the end of his term, according to the steelmaker.

Key Financials
The company reported consolidated sales of Rs 34774.29 crore for the quarter ended 31-Dec-2019 , up 2.42 per cent from previous quarter’s Rs 33953.75 crore and up -14.05 per cent from the year-ago quarter’s Rs 40457.11 crore.

The net profit after tax for the latest quarter stood at Rs -1084.62 crore, $Parser.toNumber($MarketsData-marketResults.quaterlyResults.searchResult.quaterlyDataDetail[8].percentChangeYearly) per cent from the corresponding  quarter last year.

Shareholding pattern
As of 31-Mar-2020 , DIIs held 14.31 per cent stake in the firm , while foreign institutional investors held 12.39 per cent and the promoters 34.41 per cent.

Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 6.17 and a price-to-book ratio of 0.48 . A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Tata Steel Ltd. belongs to the Steel – Integrated industry.

1 thought on “Trending stocks: Tata Steel share price gains over 1%

Leave a Reply

Your email address will not be published. Required fields are marked *