Monday 15 February 2016

Tata Steel zooms 10%

Tata Steel’s European boss will join thousands of steelworkers in a protest against “unfair” practices by Chinese firms, says report.


Tata Steel Ltd stock was up by 10% at Rs. 239.

Report says that Tata Steel’s European boss will join thousands of steelworkers in a protest against “unfair” practices by Chinese firms.

Tata Steel Ltd is currently trading at Rs. 239.35, up by Rs. 21.5 or 9.87% from its previous closing of Rs. 217.85 on the BSE.

The scrip opened at Rs. 220 and has touched a high and low of Rs. 242.5 and Rs. 220 respectively. So far 3426287(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 21157.93 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. 243.8 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 above its 200 DMA.

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