Tata Steel BSL is currently trading at Rs. 28.50, up by 0.45 points or 1.60% from its previous closing of Rs. 28.05 on the BSE.
The scrip opened at Rs. 28.05 and has touched a high and low of Rs. 28.60 and Rs. 27.30 respectively. So far 64558 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 46.90 on 04-Jun-2018 and a 52 week low of Rs. 21.00 on 02-May-2018.
Last one week high and low of the scrip stood at Rs. 30.50 and Rs. 27.30 respectively. The current market cap of the company is Rs. 2996.02 crore.
The promoters holding in the company stood at 72.65%, while Institutions and Non-Institutions held 11.31% and 16.04% respectively.
Tata Steel BSL has received an approval for allotment of 230,00,00,000-8.89% Optionally Convertible Redeemable Preference Shares (OCRPS Series II) having face value of Rs 10 each for cash aggregating to Rs 2,300 crore to Tata Steel on private placement basis. The Committee of Directors on March 25, 2019, approved the same.
Tata Steel BSL formerly known as Bhushan Steel is the largest manufacturer of auto-grade steel in India. Tata Steel BSL with a large amount of debt in proportion to its equity, is a highly leveraged company.
