TATA STEEL Surges by 6%; BSE METAL Index Up 5.2%

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TATA STEEL Surges by 6%; BSE METAL Index Up 5.2%
Tue, 7 Apr 12:08 PM

TATA STEEL share price has zoomed 6% and is presently trading at Rs 272.

Meanwhile, the BSE METAL Index is at 5,789 (up 5.2%).

Among the top Gainers in the BSE METAL Index today are TATA STEEL (up 6.3%) and JSW STEEL (up 9.1%).

NMDC LTD (down 1.0%) is among the top loser today.

Over the last one year, TATA STEEL has moved down from Rs 535 to Rs 272, registering a loss of Rs 263 (down 49.6%).

On the other hand, the BSE METAL has moved down from 11,534 to 5,789, loss of 5,745 points (down 50.1%) during the last 12 months.

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What About the Benchmark Indices?

The BSE Sensex is at 29,180 (up 5.5%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 14.5%), AXIS BANK (up 11.6%) and HUL (up 9.8%). Other gainers include HCL TECHNOLOGIES (up 9.3%) and SUN PHARMA (up 8.9%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 8,545 (up 5.5%). The top gainers in the NSE Nifty include INDUSIND BANK (up 15.2%), AXIS BANK (up 11.9%) and CIPLA (up 10.9%). Other gainers include DR. REDDYS LAB (up 10.8%) and BRITANNIA (up 10.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,877 to 29,180, registering a loss of 9,697 points (down 25.11%).

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 53.7x.



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