Trending stocks: Tata Steel share price rises nearly 3%

Trending stocks: Tata Steel share price rises nearly 3%

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NEW DELHI: Shares of Tata Steel traded 2.89 per cent up in Thursday ‘s trade at 10:57AM (IST).

Around 270775 shares changed hands on the counter. The stock opened at Rs 270.0 and touched an intraday high and low of Rs 278.9 and Rs 270.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 610.6 and a 52-week low of Rs 251.6 .

The Tata Group firm said its committee of directors has approved allotment of non convertible debentures (NCDs) worth Rs 510 crore on private placement basis.

Financials
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 30251.88 Crore) operating in Metals – Ferrous sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 34774.29 Crore, up 2.42 % from last quarter Sales of Rs 33953.75 Crore and down -14.05 % from last year same quarter Sales of Rs 40457.11 Crore. The Company reported net profit after tax of Rs -1249.01 Crore in latest quarter.

Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products which contributed Rs 67213.85 Crore to Sales Value (95.18 % of Total Sales), Power which contributed Rs 1709.51 Crore to Sales Value (2.42 % of Total Sales) and Other Operating Revenue which contributed Rs 1687.56 Crore to Sales Value (2.38 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 34.41154 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 5.93 and price to book value of 0.46 .

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