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Tata Steel gains despite sales fall 11% to 7 MT in January-March 2020

23 Apr 2020 Evaluate

Tata Steel is currently trading at Rs. 271.30, up by 2.75 points or 1.02% from its previous closing of Rs. 268.55 on the BSE.

The scrip opened at Rs. 270.00 and has touched a high and low of Rs. 278.90 and Rs. 270.00 respectively. So far 660874 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.35 on 02-May-2019 and a 52 week low of Rs. 250.90 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 300.00 and Rs. 259.25 respectively. The current market cap of the company is Rs. 32721.95 crore.

The promoters holding in the company stood at 33.12%, while Institutions and Non-Institutions held 44.81% and 21.04% respectively.

Tata Steel has reported its consolidated sales fell by over 11 per cent to 7 million tonne (MT) during March quarter 2020 as compared to the year-ago period, hit by the outbreak of COVID-19 pandemic. However, the consolidated production during the quarter increased by over 1.5 per cent to 7.84 MT from 7.72 MT in January-March 2019.

In the just concluded quarter, company’s India sales were at 4.03 MT, down from 4.72 MT in the year-ago period, while the output increased to 4.74 MT from 4.48 MT. The company’s sales in Europe fell to 2.37 MT from 2.57 MT in the year-ago period, while production also fell to 2.56 MT from 2.73 MT. Tata Steel South East Asia registered almost flat sales at 0.60 MT compared to 0.59 MT in January-March 2019, while the output was at 0.54 MT, marginally up from 0.51 MT in the same quarter a year ago.

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

212.05 1.35 (0.64%)
17-Apr-2026 16:59 View Price Chart
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