Tata Steel fell 0.41% at Rs 336.30 at 13:10 IST on BSE after the company said that its crude steel production fell 1.45% to 2.44 million tonnes in Q4 March 2015 over Q4 March 2014.
The company made announcement during market hours today, 16 April 2015.
Meanwhile, the BSE Sensex was down 260.63 points or 0.9% at 28,539.06.
On BSE, so far 3.29 lakh shares were traded in the counter as against average daily volume of 7.89 lakh shares in the past one quarter.
The stock was volatile. The stock fell as much as 0.59% at the day's low of Rs 335.70 so far during the day. The stock rose as much as 1.56% at the day's high of Rs 343 so far during the day. The stock had hit a 52-week high of Rs 578.60 on 9 June 2014. The stock had hit a 52-week low of Rs 311.30 on 27 March 2015.
The stock had outperformed the market over the past one month till 15 April 2015, advancing 3.41% compared with Sensex's 1.04% rise. The scrip had, however, underperformed the market in past one quarter, declining 12.19% as against Sensex's 2.58% rise.
The large-cap company has equity capital of Rs 971.22 crore. Face value per share is Rs 10.
Tata Steel's production of hot metal rose 0.67% to 2.67 million tonnes in Q4 March 2015 over Q4 March 2014. Crude steel production fell 1.45% to 2.44 million tonnes in Q4 March 2015 over Q4 March 2014. Saleable steel production fell 1.68% to 2.38 million tonnes in Q4 March 2015 over Q4 March 2014. Sales rose 0.04% to 2.4 million tonnes in Q4 March 2015 over Q4 March 2014.
Tata Steel's production of hot metal rose 2.66% to 10.163 million tonnes in the year ended 31 March 2015 (FY 2015) over the year ended 31 March 2014 (FY 2014). Crude steel production rose 1.92% to 9.33 million tonnes in FY 2015 over FY 2014. Saleable steel production rose 1.58% to 9.07 million tonnes in FY 2015 over FY 2014. Sales rose 2.74% to 8.75 million tonnes in FY 2015 over FY 2014.
Tata Steel consolidated net profit slumped 68.8% to Rs 157.11 crore on 8.5% decline in net sales to Rs 33323.84 crore in Q3 December 2014 over Q3 December 2013.
Tata Steel Group is among the top-ten global steel companies with an annual crude steel capacity of nearly 30 million tonnes per annum.
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