Home News Indian Stock Market News Tata Steel Share Price: Stock market news: Tata Steel shares surges 12.71%

Tata Steel Share Price: Stock market news: Tata Steel shares surges 12.71%

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Tata Steel Share Price: Stock market news: Tata Steel shares surges 12.71%
NEW DELHI: Shares of Tata Metal traded 12.71 per cent up in Thursday’s commerce at 01:17PM (IST). Round 2,855,608 shares modified arms on the counter.

The scrip opened at Rs 203.0 and touched an intraday excessive and low of Rs 238.05 and Rs 200.05, respectively, within the session thus far. The inventory of Tata Metal quoted a 52-week excessive of Rs 294.1 and a 52-week low of Rs 49.0.

Complete market cap of the Tata Metal stood at Rs 84746.46 crore on the time of scripting this report.

Key Financials

The corporate reported consolidated web gross sales of Rs 39809.05 crore for the quarter ended 31-Dec-2020, up 6.51 per cent from earlier quarter’s Rs 37376.13 crore and up 11.78 per cent from the year-ago quarter’s Rs 35613.34 crore.

The web revenue for up to date quarter stood at Rs 3697.22 crore.

Shareholding sample

As of 31-Dec-2020, DIIs held 10.05 per cent stake within the firm, whereas overseas institutional traders held 16.87 per cent and the promoters 34.41 per cent.

Valuation ratio

In line with BSE knowledge, the inventory traded at a price-to-earnings a number of of -133.4 and a price-to-book ratio of 0.43. A better P/E ratio reveals traders are keen to pay the next value due to higher future development expectations. Worth-to-book worth signifies the inherent worth of an organization and is the measure of the value that traders are able to pay even for no development within the enterprise.

Tata Metal belongs to the Metal – Built-in business.

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