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Indian Stock Market Updates March 16, 2020

TATA STEEL Plunges by 8%; BSE METAL Index Down 6.4%
Mon, 16 Mar 12:32 PM

TATA STEEL share price has plunged 8% and is presently trading at Rs 318.

Meanwhile, the BSE METAL Index is at 6,823 (down 6.4%).

Among the top losers in the BSE METAL Index today are TATA STEEL (down 8.0%) and JSW STEEL (down 8.4%).

Over the last one year, TATA STEEL has moved down from Rs 514 to Rs 318, registering a loss of Rs 196 (down 38.2%)..

The BSE METAL has moved down from 11,144 to 6,823, loss of 4,321 points (down 38.8%) during the last 12 months.

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 33,103 (down 5.7%).

In the meantime, NSE Nifty is at 9,602 (down 5.5%). YES BANK (up 41.9%) and BAJAJ AUTO (up 0.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,752 to 33,103, registering a loss of 4,649 points (down 14.79%).

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 59.5x.

Stock Market Updates

RAIN INDUSTRIES Share Price Down by 6%; BSE 500 Index Down 2.6% (Today's Market)

Apr 12, 2021 10:00 AM

RAIN INDUSTRIES share price is trading down by 6% and its current market price is Rs 164. The BSE 500 is down by 2.6%. The top gainers in the BSE 500 Index are JUBILANT PHARMOVA (up 6.2%) and IPCA LABS (up 5.3%). The top losers are RAIN INDUSTRIES (down 5.8%) and BAJAJ FINANCE (down 5.1%).

Sensex Slumps 1,400 Points, Nifty Cracks Below 14,400; IndusInd Bank & SBI Fall 8% (Today's Market)

Apr 12, 2021 09:30 am

Asian stock markets are trading on a cautious note today as investors wait to see if US earnings can justify sky-high valuations.

VOLTAS Share Price Down by 6%; BSE CONSUMER DURABLES Index Down 4.0% (Today's Market)

Apr 12, 2021 09:39 AM

VOLTAS share price is trading down by 6% and its current market price is Rs 994. The BSE CONSUMER DURABLES is down by 4.0%. The top losers are VOLTAS (down 6.2%) and SYMPHONY (down 5.9%).

VA TECH WABAG Share Price Down by 7%; BSE CAPITAL GOODS Index Down 3.7% (Today's Market)

Apr 12, 2021 09:39 AM

VA TECH WABAG share price is trading down by 7% and its current market price is Rs 254. The BSE CAPITAL GOODS is down by 3.7%. The top losers are VA TECH WABAG (down 6.9%) and HEG (down 7.8%).

SHRIRAM TRANSPORT Share Price Down by 8%; BSE 500 Index Down 3.2% (Today's Market)

Apr 12, 2021 09:39 AM

SHRIRAM TRANSPORT share price is trading down by 8% and its current market price is Rs 1,412. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are GSK CONSUMER (up 5.1%) and JUBILANT PHARMOVA (up 5.0%). The top losers are SHRIRAM TRANSPORT (down 8.0%) and BAJAJ FINANCE (down 6.4%).

J&K BANK Share Price Down by 6%; BSE BANKEX Index Down 4.3% (Today's Market)

Apr 12, 2021 09:38 AM

J&K BANK share price is trading down by 6% and its current market price is Rs 26. The BSE BANKEX is down by 4.3%. The top losers are J&K BANK (down 6.5%) and INDUSIND BANK (down 8.2%).

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