TATA STEEL Surges by 5%; BSE METAL Index Up 1.7%

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TATA STEEL Surges by 5%; BSE METAL Index Up 1.7%
Wed, 30 Jan 02:48 PM

TATA STEEL share price has zoomed 5% and is presently trading at Rs 471.

Meanwhile, the BSE METAL Index is at 10,857 (up 1.7%).

Among the top Gainers in the BSE METAL Index today is TATA STEEL (up 5.3%).

NALCO (down 0.2%) and JSW STEEL (down 0.7%) are among the top losers today.

Over the last one year, TATA STEEL has moved down from Rs 746 to Rs 471, registering a loss of Rs 275 (down 37.2%).

On the other hand, the BSE METAL has moved down from 15,721 to 10,857, loss of 4,864 points (down 31.3%) during the last 12 months.

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

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 35,850 (up 0.1%).

The top gainers among the BSE Sensex stocks today are ICICI BANK (up 5.5%), TATA STEEL (up 5.3%) and AXIS BANK (up 4.8%). Other gainers include BAJAJ FINANCE (up 4.1%) and HCL TECH. (up 2.7%). The most traded stocks in the BSE Sensex are ICICI BANK and AXIS BANK.

In the meantime, NSE Nifty is at 10,710 (down 0.1%). ICICI BANK (up 5.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,283 to 35,850, registering a gain of -433 points (up -1.8%).

TATA STEEL Financial Update...

TATA STEEL net profit stood at Rs 31 billion for the quarter ended September 2018, compared to a profit of Rs 11 billion a year ago. Net Sales rose 30.2% to Rs 435.4 billion during the period as against Rs 334.5 billion in July-September 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 2.6x.



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