Wednesday 30 March 2016

Tata Steel board reviews performance of the European business; up 1%

The board reviewed the recent performance of the European business of the company, more specifically of Tata Steel UK. 

Tata SteelTata Steel was up 1% at Rs. 306. The board reviewed the recent performance of the European business of the company, more specifically of Tata Steel UK.

The scrip opened at Rs. 309 and has touched a high and low of Rs. 310 and Rs. 305.4 respectively. So far 1543595(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 29515.24 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. 317.9 and Rs. 297.75 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 50 DMA.

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