Tata Steel recovers after 6-day 11% slide

Meanwhile, the S&P BSE Sensex was up 245.01 points or 1.3% at 19,072.17.

On BSE, 2.70 lakh shares were traded in the counter as against average daily volume of 8.43 lakh shares in the past one quarter.

The stock hit a high of Rs 274.40 and a low of Rs 269.20 so far during the day. The stock had hit a 52-week low of Rs 264.60 on Thursday, 13 June 2013. The stock had hit a 52-week high of Rs 454.90 on 4 July 2012.

The stock had underperformed the market over the past one month till 13 June 2013, sliding 12.84% compared with the Sensex's 4.39% fall. The scrip had also underperformed the market in past one quarter, falling 24.38% as against Sensex's 2.77% decline.

The large-cap company has equity capital of Rs 971.21 crore. Face value per share is Rs 10.

Shares of Tata Steel had declined 11.03% in six trading sessions to settle at Rs 266.15 on Thursday, 13 June 2013, from a recent high of Rs 299.15 on 5 June 2013.

Tata Steel reported consolidated net loss of Rs 6528.51 crore in Q4 March 2013, as against net profit of Rs 433.46 crore in Q4 March 2012. Net sales rose 0.9% to Rs 34180.05 crore in Q4 March 2013 over Q4 March 2012.

Tata Steel Group is among the top-ten global steel companies with an annual crude steel capacity of over 26.5 million tonnes per annum (mtpa).

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