MoneyWorks4Me

Metal stocks lose sheen on weak Chinese data

15 Sep 2015 Evaluate

Tata Steel is currently trading at Rs. 230.00, down by 11.30 points or 4.68% from its previous closing of Rs. 241.30 on the BSE. The scrip opened at Rs. 243.90 and has touched a high and low of Rs. 243.90 and Rs. 228.80 respectively. So far 1589830 shares were traded on the counter.

Hindalco Industries is currently trading at Rs 76.40, down by 2.30 points or 2.92% from its previous closing of Rs. 78.70 on the BSE. The scrip opened at Rs. 78.70 and has touched a high and low of Rs. 78.75 and Rs. 75.85 respectively. So far 527920 shares were traded on the counter.

Vedanta is currently trading at Rs 97.30, down by 3.70 points or 3.66 % from its previous closing of Rs. 101.00 on the BSE. The scrip opened at Rs. 101.00 and has touched a high and low of Rs. 101.00 and Rs. 96.60 respectively. So far 737117 shares were traded on the counter.

Shares of metal companies came under pressure as China's investment and factory output in August missed forecasts, raising concerns over the growth of world’s second largest economy, China.

Peers
Company Name CMP
JSW Steel 1239.05
Tata Steel 176.90
Steel Authority 175.45
Jindal Stainless 736.25
APL Apollo Tubes 2136.05
View more..