Tata Steel trades in pink of its health on BSE

Tata Steel is currently trading at Rs. 515.60, up by 2.60 points or 0.51% from its previous closing of Rs. 513.00 on the BSE.

The scrip opened at Rs. 515.00 and has touched a high and low of Rs. 519.90 and Rs. 511.00 respectively. So far 384518 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 578.60 on 09-Jun-2014 and a 52 week low of Rs. 266.15 on 30-Sep-2013.

Last one week high and low of the scrip stood at Rs. 531.00 and Rs. 505.00 respectively. The current market cap of the company is Rs. 49969.03 crore.

The promoters holding in the company stood at 31.35 % while Institutions and Non-Institutions held 42.93 % and 23.31 % respectively.

Tata Steel, one of the world’s biggest steelmakers, has reportedly shut-down its Noamundi mine in Jharkhand on the orders from the state (Jharkhand) government. This decision may impact the company adversely as the said mine contributed over 30% of its iron ore requirements.

The state's order follows the Centre's July 18 directive asking states to clamp down on mines operating under second or third deemed renewals.

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.