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.
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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 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. p >
What else is happening in the markets today? Dig in...
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%).
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 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 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 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 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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