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Tata Steel surges on transferring stake in processing arms to TSDPL

04 Jan 2021 Evaluate

Tata Steel is currently trading at Rs. 674.50, up by 31.40 points or 4.88% from its previous closing of Rs. 643.10 on the BSE.

The scrip opened at Rs. 646.55 and has touched a high and low of Rs. 676.00 and Rs. 646.55 respectively. So far 996524 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 676.00 on 04-Jan-2020 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. 676.00 and Rs. 620.70 respectively. The current market cap of the company is Rs. 81097.44 crore.

The promoters holding in the company stood at 34.41%, while Institutions and Non-Institutions held 41.57% and 23.08% respectively.

Tata Steel has transferred the 51 percent stake it holds in Jamshedpur Continuous Annealing and Processing Company (JCAPCPL) and 50 percent stake it holds in Tata BlueScope Steel (TBSPL) to Tata Steel Downstream Products (TSDPL).

The step was taken to reorganize the company's India footprint into four clusters to drive scale, synergies and simplification, and to create value for all stakeholders. The transfer will help consolidate its downstream steel processing services.

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

198.00 -1.05 (-0.53%)
11-Jun-2026 16:59 View Price Chart
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