Tata Sponge Iron is currently trading at Rs. 304.10, up by 6.90 points or 2.32% from its previous closing of Rs. 297.20 on the BSE.
The scrip opened at Rs. 298.00 and has touched a high and low of Rs. 307.95 and Rs. 298.00 respectively. So far 4409 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 338.80 on 04-Dec-2013 and a 52 week low of Rs. 217.90 on 19-Sep-2013.
Last one week high and low of the scrip stood at Rs. 328.00 and Rs. 296.00 respectively. The current market cap of the company is Rs. 469.62 crore.
The promoters holding in the company stood at 54.50% while Institutions and Non-Institutions held 10.94% and 34.56% respectively.
Tata Sponge Iron has reported results for third quarter ended December 31, 2013.
The company has reported 18.12% rise in its net profit at Rs 24.31 crore for the quarter as compared to Rs 20.58 crore for the same quarter in the previous year. However, total income from operation of the company has decreased by 0.68% at Rs 198.42 crore for quarter under review as compared to Rs 199.78 crore for the quarter ended December 31, 2012.
Tata Sponge Iron is engaged in business of manufacturing high-grade sponge iron that is consistent in quality. The company has an annual manufacturing capacity of 390,000 tonnes of sponge iron from its three kilns. Its production plant is situated at Bilaipada in Orissa.
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