TATA STEEL at All Time High; BSE METAL Index Up 2.5%

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TATA STEEL at All Time High; BSE METAL Index Up 2.5%
Fri, 7 May 09:34 AM

TATA STEEL share price has hit an all-time high at Rs 1,147 (up 3.3%).

Meanwhile, the BSE METAL Index is at 19,170 (up 2.5%).

Among the top gainers in the BSE METAL Index today are TATA STEEL (up 3.3%) and JSW STEEL (up 2.0%).

Over the last one year, TATA STEEL has moved up from Rs 273 to Rs 1,147, registering a gain of Rs 874 (up 317.0%).

The BSE METAL has moved up from 6,124 to 19,170, registering a gain of 13,046 points (up 212.5%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 447.3%), SAIL (up 384.0%) and JSW STEEL (up 353.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 49,381 (up 0.8%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 3.3%), INDUSIND BANK (up 2.3%) and M&M (up 2.2%). Other gainers include SBI (up 1.6%) and AXIS BANK (up 1.3%). The most traded stocks in the BSE Sensex are TATA STEEL and SBI.

In the meantime, NSE Nifty is at 14,854 (up 0.9%). The top gainers in the NSE Nifty include SBI LIFE INSURANCE (up 3.9%), TATA STEEL (up 3.9%) and HINDALCO (up 2.9%). Other gainers include INDUSIND BANK (up 2.4%) and JSW STEEL (up 2.2%).

Over the last 12 months, the BSE Sensex has moved up from 31,454 to 49,381, registering a gain of 17,927 points (up 56.9%).

TATA STEEL Financial Update...

TATA STEEL net profit declined 428.8% YoY to Rs 39 billion for the quarter ended December 2020, compared to a loss of Rs 12 billion a year ago. Net Sales rose 11.5% to Rs 395.9 billion during the period as against Rs 355.2 billion in October-December 2019.

For the year ended March 2020, TATA STEEL reported 97.9% increase in net profit to Rs 187.8 billion compared to net profit of Rs 94.9 billion during FY19.

Revenue of the company grew 11.3% to Rs 1,398 billion during FY20.

The current Price to earnings ratio of TATA STEEL, based on rolling 12 month earnings, stands at down 279.1x.

What else is happening in the markets today? Dig in...

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