Tata Steel Ltd.

Tata Steel is currently trading at Rs. 234.70, up by 1.10 points or 0.47% from its previous closing of Rs. 233.60 on the BSE.

The scrip opened at Rs. 234.60 and has touched a high and low of Rs. 235.80 and Rs. 229.25 respectively. So far 869573 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 554.00 on 19-Aug-2014 and a 52 week low of Rs. 229.25 on 13-Aug-2015.

Last one week high and low of the scrip stood at Rs. 264.85 and Rs. 229.25 respectively. The current market cap of the company is Rs. 22605.04 crore.

The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 41.11% and 25.56% respectively.

Tata Steel has received shareholders’ nod to raise up to Rs 10,000 crore through securities to meet capital requirements. The approval comes at a time when the company is also looking at monetizing its non-core and listed assets.

The company is seeking to continuously optimize its borrowings by ensuring they are aligned in terms of quantum, risk, maturity and cost with its earnings profile.

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.