Tata Steel trades in green on the BSE

Tata Steel is currently trading at Rs. 402.60, up by 2.65 points or 0.66% from its previous closing of Rs. 399.95 on the BSE. The scrip opened at Rs. 402.50 and has touched a high and low of Rs. 406.15 and Rs. 401.30 respectively. So far 195531 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 435.40 on 02-Jan-2014 and a 52 week low of Rs. 195.40 on 07-Aug-2013. Last one week high and low of the scrip stood at Rs. 406.50 and Rs. 388.75 respectively. The current market cap of the company is Rs. 39251.67 crore. The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 40.87% and 24.81% respectively. Tata Steel’s Service Center Maastricht subsidiary in the Netherlands is to commission a large heavy gauge decoiler by the end of 2014, which will serve the growing markets in Europe for high strength steels, especially in the lifting and excavating sector. The decoiler is to be installed at the Feijen heavy gauge decoiling business at Maastricht. It will be able to decoil and cut-to-length hot rolled coil up to 25mm thick, 2,600mm wide and in premium grades, including the Ympress high-strength, low-alloy range. Tata Steel’s distribution and service centres make up the second largest distribution and service network in Europe, in terms of regional coverage. The distribution mainland Europe network is now aligned based on client end markets and the light or heavy gauge product group offered.