Tata Steel Ltd.

Tata Steel is currently trading at Rs. 402.55, up by 9.10 points or 2.31% from its previous closing of Rs. 393.45 on the BSE.

The scrip opened at Rs. 400.80 and has touched a high and low of Rs. 405.90 and Rs. 400.25 respectively. So far 228661 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. 332.20 on 14-Mar-2014.

Last one week high and low of the scrip stood at Rs. 434.75 and Rs. 387.05 respectively. The current market cap of the company is Rs. 39115.70 crore.

The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 43.35% and 23.51% respectively.

Tata Steel has reportedly re-started production from two of its four iron ore mines, cutting a shortage that had forced the company to import the raw material for the first time. Tata Steel reopened the iron ore mines in Odisha state after a court directed the local government to let the company operate them until a hearing on January 28. Tata Steel produces about 10 million tonnes from the mines in Odisha state.

The company is also close to reopening its top mine Noamundi in neighbouring Jharkhand state. The mine, which has a capacity of 10 million tonnes a year, stopped operations in September pending the renewal of its lease.

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.