Tata Steel Ltd.

Tata Steel is currently trading at Rs. 363.40, up by 5.35 points or 1.49% from its previous closing of Rs. 358.05 on the BSE.

The scrip opened at Rs. 358.00 and has touched a high and low of Rs. 364.30 and Rs. 355.45 respectively. So far 4, 33,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 503.80 on 07-Sep-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. 379.05 and Rs. 355.45 respectively. The current market cap of the company is Rs. 35,293 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 has purchased 11.26% stake or 17.34 lakh shares of associate firm Tata Sponge Iron through a voluntary open offer. After this transaction, it has increased its stake to 51% in Tata Sponge Iron against 39.74% stake before the start of the offer. 

Tata Sponge Iron was initially set up as a joint venture company between Tata Steel and the Industrial Promotion and Investment Corporation of Orissa (IPICOL). However, in 1991, Tata Steel bought out IPICOL's stake and made it an associate company.