Friday 19 February 2016

Tata Steel gains 1%; to divest part of foreign ops

The company is expecting Rs. 3,000 Cr from Long Product Biz sale in Europe, says report.


Tata Steel stock was up by 1% at Rs. 252. Report says that the company is planning to divest Part Of Foreign Ops.The company will review European Ops, says report.

The company is expecting Rs.3,000 Cr from Long Product Biz sale in Europe, says report.

The scrip opened at Rs. 249 and has touched a high and low of Rs. 253.7 and Rs. 246.95 respectively. So far 2710028(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 24328.95 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 384.2 on 06-May-2015 and a 52 week low of Rs. 200 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 256.5 and Rs. 211.3 respectively.

The promoters holding in the company stood at 31.35 % while Institutions and Non-Institutions held 38.79 % and 29.86 % respectively.

The stock is currently trading below its 200 DMA.

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