Tata Steel fell 0.9% to Rs 416.30 at 11:13 IST on BSE, with the stock reversing initial gain triggered by declaring good production and sales volumes data for Q4 and FY ended 31 March 2014.
The sales figures were announced on Monday, 14 April 2014, when the stock market was shut on account of Dr. Baba Saheb Ambedkar Jayanti.
Meanwhile, the S&P BSE Sensex was down 160.34 points or 0.71% at 22,468.62
On BSE, so far 2.91 lakh shares were traded in the counter as against average daily volume of 8.52 lakh shares in the past one quarter.
The stock was volatile. The stock rose 1.01% at the day's high of Rs 424.35 so far during the day. The stock fell 1.09% at the day's low of Rs 415.50 so far during the day. The stock had hit a 52-week high of Rs 435.40 on 2 January 2014. The stock had hit a 52-week low of Rs 195.40 on 7 August 2013.
The stock had outperformed the market over the past one month till 11 April 2014, rising 22.07% compared with the Sensex's 3.68% rise. The scrip also outperformed the market in past one quarter, gaining 9.32% as against Sensex's 9.01% rise.
The large-cap company has equity capital of Rs 971.21 crore. Face value per share is Rs 10.
Tata Steel said on Monday, 14 April 2014 that the company has completed year 2014 with an overall increase in production and sales volumes. The year registered its best ever performance in hot metal, crude steel, saleable steel production and total sales, the company said.
Tata Steel said that its total sales rose 6% to 24,07,000 tonnes in Q4 March 2014 over Q4 March 2013. The company's total sales rose 14% to 85,16,000 tonnes in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
Tata Steel reported a consolidated net profit of Rs 503.24 crore in Q3 December 2013 as against net loss of Rs 763.06 crore in Q3 December 2012. Net sales rose 14.4% to Rs 36409.80 crore in Q3 December 2013 over Q3 December 2012.
Tata Steel is among the top-ten global steel companies with an annual crude steel capacity of over 29 million tonnes per annum (mtpa). It is the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries.
Powered by Capital Market - Live News
