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TATA STEEL Surges by 5%; BSE METAL Index Up 0.7%

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TATA STEEL Surges by 5%; BSE METAL Index Up 0.7%
Wed, 19 Jun 03:28 PM

TATA STEEL share price has zoomed 5% and is presently trading at Rs 497.

Meanwhile, the BSE METAL Index is at 10,914 (up 0.7%).

Among the top Gainers in the BSE METAL Index today is TATA STEEL (up 5.1%).

HINDALCO and JSW STEEL (down 0.5%) are among the top losers today.

Over the last one year, TATA STEEL has moved down from Rs 559 to Rs 497, registering a loss of Rs 62 (down 11.1%).

On the other hand, the BSE METAL has moved down from 13,175 to 10,914, loss of 2,261 points (down 18.4%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 39,436 (up 0.2%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 5.1%), KOTAK MAHINDRA BANK (up 2.7%) and NTPC (up 1.6%). Other gainers include HDFC (up 1.2%) and POWER GRID (up 1.1%). The most traded stocks in the BSE Sensex are VEDANTA LTD and TATA STEEL.

In the meantime, NSE Nifty is at 11,802 (up 0.2%). TATA STEEL (up 5.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,548 to 39,436, registering a gain of 3,888 points (up 10.1%).

TATA STEEL Financial Update...

TATA STEEL net profit stood at Rs 23 billion for the quarter ended March 2019, compared to a profit of Rs 17 billion a year ago. Net Sales rose 2.9% to Rs 424.2 billion during the period as against Rs 412.2 billion in January-March 2018.

For the year ended March 2018, TATA STEEL reported 101.6% increase in net profit to Rs 81.1 billion compared to net profit of Rs 40.2 billion during FY17.

Revenue of the company grew 13.3% to Rs 1,330 billion during FY18.

The current Price to earnings ratio of TATA STEEL, based on rolling 12 month earnings, stands at 6.4x.

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Stock Market Updates

Sensex Ends 318 Points Lower; Auto and Metal Stocks Witness Selling (Today's Market)

Jul 18, 2019 Closing

India share markets continued to witness selling pressure during closing hours and ended their day on a negative note.

Sensex Trades Marginally Lower; Metal & Automobile Stocks Slip (Today's Market)

Jul 18, 2019 12:30 pm

The BSE Sensex is trading down by 101 points, while the NSE Nifty is trading down by 33 points.

THOMAS COOK INDIA Plunges by 6%; BSE 500 Index Down 0.4% (Today's Market)

Jul 18, 2019 12:00 PM

THOMAS COOK INDIA share price has plunged by 6% and its current market price is Rs 189. The BSE 500 is down by 0.4%. The top gainers in the BSE 500 Index are CG POWER & INDUSTRIAL (up 9.2%) and VA TECH WABAG (up 4.1%). The top losers are THOMAS COOK INDIA (down 5.6%) and MINDTREE (down 7.1%).

The BSE METAL Index Down 2% ; VEDANTA LTD Among Top Losers (Today's Market)

Jul 18, 2019 11:36 AM

The BSE METAL Index Down at 10,625 (down 2.1%). Among the top losers in the BSE METAL Index today are VEDANTA LTD, COAL INDIA and JSW STEEL. Meanwhile, the BSE Sensex has plunged 0.2% to 39,204.

INDIA TOURISM DEV. Plunges by 6%; BSE 500 Index Down 0.2% (Today's Market)

Jul 18, 2019 10:38 AM

INDIA TOURISM DEV. share price has plunged by 6% and its current market price is Rs 226. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are CG POWER & INDUSTRIAL (up 10.0%) and VA TECH WABAG (up 5.4%). The top losers are INDIA TOURISM DEV. (down 5.6%) and MINDTREE (down 6.5%).

INTELLECT DESIGN Plunges by 5%; BSE 500 Index Down 0.2% (Today's Market)

Jul 18, 2019 10:28 AM

INTELLECT DESIGN share price has plunged by 5% and its current market price is Rs 272. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are CG POWER & INDUSTRIAL (up 9.7%) and VA TECH WABAG (up 5.0%). The top losers are INTELLECT DESIGN (down 5.3%) and MINDTREE (down 6.5%).

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