TATA STEEL Plunges by 11%; BSE METAL Index Down 11.6%
March 13, 2020 09:35 AM

TATA STEEL share price has plunged 11% and is presently trading at Rs 274.

Meanwhile, the BSE METAL Index is at 6,245 (down 11.6%).

Among the top losers in the BSE METAL Index today are TATA STEEL (down 10.7%) and JSW STEEL (down 9.0%).

Over the last one year, TATA STEEL has moved down from Rs 524 to Rs 274, registering a loss of Rs 250 (down 47.7%)..

The BSE METAL has moved down from 11,356 to 6,245, loss of 5,111 points (down 45.0%) 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 31,221 (down 9.4%).

In the meantime, NSE Nifty is at 9,133 (down 10.1%).

Over the last 12 months, the BSE Sensex has moved down from 37,536 to 31,221, registering a loss of 6,315 points (down 20.91%).

TATA STEEL Financial Update...

TATA STEEL net profit down at Rs 12 billion for the quarter ended December 2019, compared to a loss of Rs 17 billion a year ago. Net Sales declined 13.8% to Rs 355.2 billion during the period as against Rs 412.2 billion in October-December 2018.

For the year ended March 2019, TATA STEEL reported 19.1% increase in net profit to Rs 94.9 billion compared to net profit of Rs 79.6 billion during FY18.

Revenue of the company grew 27.0% to Rs 1,577 billion during FY19.

The current Price to earnings ratio of TATA STEEL, based on rolling 12 month earnings, stands at 50.9x.