TATA STEEL Surges by 5%; BSE METAL Index Up 1.9%

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TATA STEEL Surges by 5%; BSE METAL Index Up 1.9%
Fri, 26 Apr 10:10 AM

TATA STEEL share price has zoomed 5% and is presently trading at Rs 537.

Meanwhile, the BSE METAL Index is at 11,351 (up 1.9%).

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

HINDUSTAN ZINC (down 0.1%) and VEDANTA LTD (down 0.4%) are among the top losers today.

Over the last one year, TATA STEEL has moved down from Rs 586 to Rs 537, registering a loss of Rs 49 (down 8.4%).

On the other hand, the BSE METAL has moved down from 14,128 to 11,351, loss of 2,777 points (down 19.7%) during the last 12 months.

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

BREAKING: Full Details of the #1 Investment of the Decade...

What About the Benchmark Indices?

The BSE Sensex is at 38,898 (up 0.3%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 5.1%), AXIS BANK (up 1.7%) and POWER GRID (up 1.3%). Other gainers include SUN PHARMA (up 1.2%) and NTPC (up 1.1%). The most traded stocks in the BSE Sensex are YES BANK and TATA STEEL.

In the meantime, NSE Nifty is at 11,698 (up 0.4%). TATA STEEL (up 5.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,501 to 38,898, registering a gain of 4,397 points (up 12.6%).

TATA STEEL Financial Update...

TATA STEEL net profit stood at Rs 17 billion for the quarter ended December 2018, compared to a profit of Rs 11 billion a year ago. Net Sales rose 23.2% to Rs 412.2 billion during the period as against Rs 334.5 billion in October-December 2017.

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 2.9x.



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