Tata Steel Ltd.

Tata Steel is currently trading at Rs. 398.35, up by 14.20 points or 3.70% from its previous closing of Rs. 384.15 on the BSE.

The scrip opened at Rs. 390.00 and has touched a high and low of Rs. 399.40 and Rs. 390.00 respectively. So far 296027 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 579.00 on 28-Jul-2011 and a 52 week low of Rs. 332.35 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 412.40 and Rs. 382.15 respectively. The current market cap of the company is Rs. 38460.09 crore.

The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 42.74% and 24.14% respectively. Tata Steel today is planning to merge Tinplate Company of India and Tata Sponge Iron with itself. Tata steels rolling and coating is done there in Tinplate Company. It is currently holds 59.4% in Tinplate and just under 40% in Tata Sponge. In the last month it has announced open offers for both the companies. The open offer is for 14% in Tinplate and 11.4% for Tata Sponge.

The company has reported sales of 1.59 million tonnes in the first quarter of FY13, which remained unchanged ass compared to the corresponding quarter previous year, as power cuts impacted downstream production. While, sales remained marginally lower on Q-o-Q basis, when it touched 1.79 million tonnes in Q4 FY12, on account of power outages which impacted downstream production.