ALSO READTata Steel edges higher in early trade Tata Steel slumps after reverse turnaround in Q2 Tata Steel moves higher after announcing strong Q3 sales Tata Steel gains after announcing equity partnership for its Canadian Iron ore mines Tata group stocks gain as N Chandra appointed as new Chairman of Tata Sons
Meanwhile, the S&P BSE Sensex was up 230.78 points or 0.78% at 29,644.44.
On the BSE, 1.53 lakh shares were traded on the counter so far as against the average daily volumes of 6.81 lakh shares in the past one quarter. The stock had hit a high of Rs 474.25 and a low of Rs 465 so far during the day.
The stock had hit a 52-week high of Rs 508.45 on 17 March 2017 and a 52-week low of Rs 297.40 on 24 June 2016. It had underperformed the market over the past one month till 17 April 2017, sliding 7.97% compared with the Sensex's 0.79% fall. The scrip had also underperformed the market over the past one quarter, advancing 1.73% as against the Sensex's 8% rise.
The large-cap company has equity capital of Rs 971.22 crore. Face value per share is Rs 10.
On a consolidated basis, Tata Steel reported net profit of Rs 231.90 crore in Q3 December 2016 compared with net loss of Rs 2747.72 crore in Q3 December 2015. Net sales rose 13.4% to Rs 27843.92 crore in Q3 December 2016 over Q3 December 2015.
Tata Steel is the world's second-most geographically-diversified steel producer, with operations in 26 countries and commercial presence in over 50 countries.
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