Tata Steel is currently trading at Rs 351.00, up by 1.15 points or 0.33% from its previous closing of Rs 349.85 on the BSE.
The scrip opened at Rs 351.25 and has touched a high and low of Rs 353.75 and Rs 346.40 respectively. So far 356189 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 482.00 on 03-Apr-2012 and a 52 week low of Rs 347.55 on 06-Sep-2012.
Last one week high and low of the scrip stood at Rs 389.30 and Rs 348.85 respectively. The current market cap of the company is Rs 34055.63 crore.
The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 42.74% and 23.84% respectively.
Tata Steel, the flagship company of the Tata Group, has made an investment of Euro 4.5 million at its Jmuiden site in the Netherlands, that could increase the company’s ability to develop next generation steels which are lighter, stronger and better able to withstand crashes. This development comes right after the company started up an advanced facility to develop crash resistant steels designed to make cars safer and more fuel efficient.
Further, the R&D investment also follows close collaboration between Tata Steel and major European car manufacturers to understand their requirements for future car models. The facility, being the most technologically advanced in the world, combining the characteristics of commercial industrial lines alongside special research features to control and measure atmosphere, temperature, speed, force, stress and friction, will also enable the company to support its customers as they integrate the new ultra high strength steels into future vehicles.
Tata Steel 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 | 188.15 |
| JSW Steel | 1226.30 |
| Steel Authority | 173.25 |
| Jindal Stainless | 692.40 |
| APL Apollo Tubes | 1788.35 |
| View more.. | |
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