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Tata Steel Ltd soars 3.56%

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Capital Market

Tata Steel Ltd is quoting at Rs 486.15, up 3.56% on the day as on 12:54 IST on the NSE. The stock is down 15.75% in last one year as compared to a 11.51% spurt in NIFTY and a 17.78% spurt in the Nifty Metal index.

Tata Steel Ltd is up for a third straight session in a row. The stock is quoting at Rs 486.15, up 3.56% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 2.8% on the day, quoting at 11727. The Sensex is at 39040.78, up 2.93%. Tata Steel Ltd has dropped around 8.99% in last one month.

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Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has dropped around 4.96% in last one month and is currently quoting at 2807.25, up 3.4% on the day. The volume in the stock stood at 60.21 lakh shares today, compared to the daily average of 125.73 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 485.65, up 3.46% on the day. Tata Steel Ltd is down 15.75% in last one year as compared to a 11.51% spurt in NIFTY and a 17.78% spurt in the Nifty Metal index.

The PE of the stock is 4.99 based on TTM earnings ending March 19.

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First Published: May 20 2019 | 1:05 PM IST

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