TATA STEEL Surges by 5%; BSE METAL Index Up 0.7%

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TATA STEEL Surges by 5%; BSE METAL Index Up 0.7%
Wed, 19 Jun 03:28 PM

TATA STEEL share price has zoomed 5% and is presently trading at Rs 497.

Meanwhile, the BSE METAL Index is at 10,914 (up 0.7%).

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

HINDALCO and JSW STEEL (down 0.5%) are among the top losers today.

Over the last one year, TATA STEEL has moved down from Rs 559 to Rs 497, registering a loss of Rs 62 (down 11.1%).

On the other hand, the BSE METAL has moved down from 13,175 to 10,914, loss of 2,261 points (down 18.4%) 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 39,436 (up 0.2%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 5.1%), KOTAK MAHINDRA BANK (up 2.7%) and NTPC (up 1.6%). Other gainers include HDFC (up 1.2%) and POWER GRID (up 1.1%). The most traded stocks in the BSE Sensex are VEDANTA LTD and TATA STEEL.

In the meantime, NSE Nifty is at 11,802 (up 0.2%). TATA STEEL (up 5.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,548 to 39,436, registering a gain of 3,888 points (up 10.1%).

TATA STEEL Financial Update...

TATA STEEL net profit stood at Rs 23 billion for the quarter ended March 2019, compared to a profit of Rs 17 billion a year ago. Net Sales rose 2.9% to Rs 424.2 billion during the period as against Rs 412.2 billion in January-March 2018.

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 6.4x.



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