TATA STEEL Plunges by 9%; BSE METAL Index Down 8.3%
March 23, 2020 09:56 AM

TATA STEEL share price has plunged 9% and is presently trading at Rs 279.

Meanwhile, the BSE METAL Index is at 5,785 (down 8.3%).

Among the top losers in the BSE METAL Index today are TATA STEEL (down 9.2%) and HINDUSTAN ZINC (down 5.3%).

Over the last one year, TATA STEEL has moved down from Rs 514 to Rs 279, registering a loss of Rs 235 (down 45.7%)..

The BSE METAL has moved down from 11,185 to 5,785, loss of 5,400 points (down 48.3%) 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 27,901 (down 9.6%).

In the meantime, NSE Nifty is at 8,159 (down 9.4%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.53%).

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 53.8x.