SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Tata Steel jumps on introducing silico-manganese products

23 Aug 2012 Evaluate

Tata Steel is currently trading at Rs. 401.05, up by 8.45 points or 2.15% from its previous closing of Rs. 392.60 on the BSE.

The scrip opened at Rs. 395.00 and has touched a high and low of Rs. 401.00 and Rs. 395.00 respectively. So far 4, 17,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 503.80 on 07-Sep-2011 and a 52 week low of Rs. 332.35 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 402.00 and Rs. 387.20 respectively. The current market cap of the company is Rs. 38,950 crore.

The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 42.74% and 24.14% respectively.

Tata Steel has introduced branded silico-manganese products on August 22, 2012, in order to tap the estimated Rs 3,000-crore unorganized silico manganese market. Silico manganese is widely used in long-steel products, which are used for construction purposes.

The company aims to gain 18 to 20% market share in the first year for this product. It will be launching the products in Raipur, Kanpur and other parts of the country in the next six months.

The company has reported a fall of 38.88% in its net profit at Rs 1356.56 crore for first quarter ended June 30, 2012 as compared to a net profit of Rs 2219.43 crore for the same quarter in the previous year. However, the total income from operation of the company has increased by 11.62% at Rs 9059.92 crore for Q1FY13 as compared Rs 8116.61 crore for the corresponding quarter previous year.

Tata Steel Share Price

212.60 0.55 (0.26%)
22-Apr-2026 09:15 View Price Chart
Peers
Company Name CMP
Tata Steel 212.60
JSW Steel 1285.70
SAIL 176.00
Jindal Stainless 797.20
APL Apollo Tubes 2120.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×