Tata Steel is currently trading at Rs. 370.50, up by 5.40 points or 1.48% from its previous closing of Rs. 365.10 on the BSE.
The scrip opened at Rs. 366.20 and has touched a high and low of Rs. 371.80 and Rs. 366.20 respectively. So far 97171 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 578.60 on 09-Jun-2014 and a 52 week low of Rs. 332.20 on 14-Mar-2014.
Last one week high and low of the scrip stood at Rs. 381.00 and Rs. 345.10 respectively. The current market cap of the company is Rs. 35459.07 crore.
The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 42.79% and 24.14% respectively.
Tata Steel, Europe’s second largest steel producer, has announced the acquisition of three service centres in Sweden, Finland and Norway to strengthen its offering to manufacturers in the Nordic region. Tata Steel in Europe has reached an agreement with steel producer SSAB to buy its strip products service centres at Halmstad in Sweden and Naantali in Finland.
Tata Steel will also acquire from SSAB the remaining 50% stake it does not already own in Norsk Stal Tynnplater AS, another strip products service centre based in Fredrikstad, Norway. These acquisitions will strengthen the company’s strip products offering to manufacturers in this region.
The three centres process strip products offering services such as cutting-to-length, slitting and recoiling. They supply steel to manufacturers in the automotive, construction and electrical supplies industries, as well as to heavy and light engineering companies.
Company Name | CMP |
---|---|
JSW Steel | 891.45 |
Tata Steel | 167.90 |
SAIL | 169.15 |
Jindal Stainless | 704.50 |
APL Apollo Tubes | 1665.00 |
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