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Tata Steel is currently trading at Rs. 242.70, up by 2.55 points or 1.06% from its previous closing of Rs. 240.15 on the BSE.
The scrip opened at Rs. 238.00 and has touched a high and low of Rs. 243.20 and Rs. 237.25 respectively. So far 568486 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 469.50 on 03-Dec-2014 and a 52 week low of Rs. 200.00 on 29-Sep-2015.
Last one week high and low of the scrip stood at Rs. 245.65 and Rs. 228.05 respectively. The current market cap of the company is Rs. 23498.56 crore.
The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 37.73% and 28.94% respectively.
Tata Steel’s Long Products Europe business will continue to supply French rail operator SNCF for at least five more years after a new deal was signed. The company’s rail mill in Hayange, north-eastern France, has supplied the French network for more than 130 years. With Tata Steel, and previously Corus, being SNCF’s main rail supplier since 1999 the contract renewal will see that continue for the next five years with an extension option for a further four years.
Tata Steel will supply the bulk of SNCF’s 750,000 tonne requirements of high-quality rail over the duration of the renewed contract in lengths of up to 108 metres from its Hayange facility. This contract will provide a valuable foundation for the company’s future order book and keeps SNCF at the very heart of its focus for delivering customer satisfaction in terms of quality products and services. The Hayange rolling mill is supplied with steel from Tata Steel’s Long Products Europe steelworks in Scunthorpe, North Lincolnshire, in the UK.
The contract resigning follows a €35 million investment by Tata Steel in 2011 which allowed the Hayange mill to produce 108m lengths of rail that SNCF will use throughout France’s standard and high-speed networks.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
| Company Name | CMP |
|---|---|
| JSW Steel | 870.80 |
| Tata Steel | 165.60 |
| SAIL | 166.35 |
| Jindal Stainless | 685.00 |
| APL Apollo Tubes | 1587.20 |
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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