Tata Steel is currently trading at Rs. 412.05, up by 0.40 points or 0.10% from its previous closing of Rs. 411.65 on the BSE.
The scrip opened at Rs. 413.60 and has touched a high and low of Rs. 414.75 and Rs. 410.40 respectively. So far 1, 99,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 500.90 on 21-Feb-2012 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. 418.00 and Rs. 399.00 respectively. The current market cap of the company is Rs. 40,018 crore.
The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 42.74% and 24.14% respectively.
In a bid to enhance production of specialised corrosion resistant steel, Tata Steel is planning to invest 12 million euros in new manufacturing facilities in IJmuiden, the Netherlands. The said plant will start operation in 2014.
Following this, the company will improve its market position as a supplier of high-quality products for sectors like the automotive industry. The extra finishing capacity will also enable the company to increase its volume of cold-rolled products.
The company has invested the same as a part of ‘The Best Steel for Tomorrow’ programme, which will help the company becoming one of the world's leading steel producers by investing, growing and cutting costs.
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.
| Company Name | CMP |
|---|---|
| Tata Steel | 210.10 |
| JSW Steel | 1255.70 |
| SAIL | 178.00 |
| Jindal Stainless | 767.00 |
| APL Apollo Tubes | 2008.75 |
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