TATA STEEL share price has zoomed 5% and is presently trading at Rs 368.
Meanwhile, the BSE METAL Index is at 9,209 (up 3.8%).
Among the top Gainers in the BSE METAL Index today are TATA STEEL (up 5.1%) and JINDAL STEEL & POWER (up 6.9%).
NMDC LTD (down 0.1%) is among the top loser today.
Over the last one year, TATA STEEL has moved down from Rs 620 to Rs 368, registering a loss of Rs 252 (down 41.6%).
On the other hand, the BSE METAL has moved down from 14,014 to 9,209, loss of 4,805 points (down 34.8%) during the last 12 months.
The top gainers among the BSE METAL Index stocks during this same period were [param_historic_top3].
REVEALED: How to Potentially Make Up to Tens of Thousands of Rupees Within a Few Hours...
The BSE Sensex is at 37,813 (up 4.7%).
The top gainers among the BSE Sensex stocks today are HDFC BANK (up 9.2%), MARUTI SUZUKI (up 9.1%) and L&T (up 7.6%). Other gainers include INDUSIND BANK (up 7.3%) and YES BANK (up 7.0%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.
In the meantime, NSE Nifty is at 11,202 (up 4.6%). EICHER MOTOR (up 12.3%) and HDFC BANK (up 8.7%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 37,121 to 37,813, registering a gain of 692 points (up 1.8%).
TATA STEEL net profit down at Rs 6 billion for the quarter ended June 2019, compared to a loss of Rs 17 billion a year ago. Net Sales declined 12.8% to Rs 359.5 billion during the period as against Rs 412.2 billion in April-June 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 54.1x. p >
What else is happening in the markets today? Dig in...
Indian share markets witnessed huge selling during closing hours today and ended their day deep in the red.
TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).
DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).
BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .
INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).
ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).
View More Indian Share Market NewsLast time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.
In this video, I'll show you how to get started on the path to daily trading profits.
In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.
An Indian company founded three decades ago in a garage caught my attention...
More
Equitymaster requests your view! Post a comment on "TATA STEEL Surges by 5%; BSE METAL Index Up 3.8%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!