Tata Steel is currently trading at Rs. 486.80, up by 0.95 points or 0.20% from its previous closing of Rs. 485.85 on the BSE.
The scrip opened at Rs. 483.00 and has touched a high and low of Rs. 490.20 and Rs. 480.00 respectively. So far 516310 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 713.80 on 04-Jan-2011 and a 52 week low of Rs. 480.00 on 11-Aug-2011.
Last one week high and low of the scrip stood at Rs. 547.85 and Rs. 480.00 respectively. The current market cap of the company is Rs. 46603.43 crore.
The promoters holding in the company stood at 30.60% while Institutions and Non-Institutions held 43.52% and 23.38% respectively.
Ratings agency Standard and Poor's has raised Tata Steel's long-term corporate credit rating a notch to 'BB' from 'BB-’with a stable outlook on the back of the company's sound financial profile and strong cash flows.
'BB' rating assigned by the agency suggests moderate default risk. Meantime, the rating firm has affirmed 'B+' long-term corporate credit rating and 'B' short-term rating on Tata Steel's European subsidiary, Tata Steel UK Holdings with a stable outlook. Further, S&P has revised company's financial risk profile to 'significant' from 'aggressive' due to its deleveraging measures and higher cash flows.
