Tata Steel stock down 3%

Foreign institutional investors reduced their stakes in the company by up to 3 percentage points during the September quarter.

Shares of Tata Steel were lower by 3% at Rs. 244.

Report says that Foreign institutional investors reduced their stakes in the company by up to 3 percentage points during the September quarter.

The scrip opened at Rs. 248.7 and has touched a high and low of Rs. 248.7 and Rs. 243.55 respectively. So far 2880141(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 24392.08 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 495.3 on 03-Nov-2014 and a 52 week low of Rs. 200 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 261.95 and Rs. 223.15 respectively.

The promoters holding in the company stood at 31.35 % while Institutions and Non-Institutions held 41.11 % and 25.56 % respectively.

The stock is currently trading below its 200 DMA.