Tata Steel lost 2.21% to Rs 276 at 11:27 IST on BSE with the stock sliding on profit booking after 2-day 13.83% rally.
Meanwhile, the S&P BSE Sensex was up 56.21 points or 0.3% at 18,575.65.
On BSE, 6.20 lakh shares were traded in the counter as against average daily volume of 10.88 lakh shares in the past one quarter.
The stock hit a high of Rs 285.40 and a low of Rs 275.45 so far during the day. The stock had hit a 52-week low of Rs 195.40 on 7 August 2013. The stock had hit a 52-week high of Rs 448.10 on 7 January 2013.
The stock had outperformed the market over the past one month till 23 August 2013, surging 20.36% compared with the Sensex's 8.78% fall. The scrip had also outperformed the market in past one quarter, declining 5.76% as against Sensex's 5.87% fall.
The large-cap steel major has equity capital of Rs 971.21 crore. Face value per share is Rs 10.
Shares of Tata Steel had rallied 13.83% in two trading sessions to settle at Rs 282.25 on Friday, 23 August 2013, from a recent low of Rs 247.95 on 21 August 2013.
Tata Steel's consolidated net profit jumped 90.5% to Rs 1139.01 crore on 3% decline in net sales to Rs 32550.21 crore in Q1 June 2013 over Q1 June 2012.
Tata Steel is a top ten global steel maker and the world's second most geographically diversified steel producer.
Powered by Capital Market - Live News
