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Tata Steel gains on planning to increase India revenue share to 91%

23 Jul 2018 Evaluate

Tata Steel is currently trading at Rs. 506.55, up by 3.10 points or 0.62% from its previous closing of Rs. 503.45 on the BSE.

The scrip opened at Rs. 505.25 and has touched a high and low of Rs. 508.50 and Rs. 502.95 respectively. So far 32245 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 747.25 on 31-Jan-2018 and a 52 week low of Rs. 493.50 on 19-Jul-2018.

Last one week high and low of the scrip stood at Rs. 559.35 and Rs. 493.50 respectively. The current market cap of the company is Rs. 60621.39 crore.

The promoters holding in the company stood at 33.12%, while Institutions and Non-Institutions held 45.12% and 20.59% respectively.

Tata Steel is planning to increase India revenue share to 91% of the total from 53% in 2017-18. The company is also looking at simplify the subscale and non-core assets such as South East Asia operations.

The company is looking to divest it’s south-east Asia operations. With regard to increasing focus on India market, the company is looking for a 91% jump in revenue which has been chalked out after taking into consideration the expansion of Kalinganagar to 8 million tonnes and acquisition of Bhushan Steel.

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.

Tata Steel Share Price

211.60 -0.45 (-0.21%)
20-Apr-2026 10:30 View Price Chart
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