Tata Steel Ltd.

Tata Steel is currently trading at Rs 427.20, down by 21.60 points or 4.81% from its previous closing of Rs 448.80 on the BSE.

The scrip opened at Rs 429.60 and has touched a high and low of Rs 433.00 and Rs 423.60 respectively. So far 781836 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 713.80 on 04-Jan-2011 and a 52 week low of Rs 391.10 on 04-Oct-2011.

Last one week high and low of the scrip stood at Rs 475.85 and Rs 423.60 respectively. The current market cap of the company is Rs 43049.54 crore.

The promoters holding in the company stood at 30.71% while Institutions and Non-Institutions held 42.38% and 24.39% respectively.  

Tata Steel reported results for the quarter ended September 30, 2011.

The company’s net profit for the quarter has declined by 27.60% at Rs 1495.22 crore as compared to Rs 2065.13 crore for the quarter ended September 30, 2010. Company’s total income has marginally increased by 5.05% at Rs 8235.50 crore for the second quarter of the current fiscal from Rs 7839.42 crore for the corresponding quarter of the previous year.

On consolidated basis, group’s profit after taxes, Minority interest and share of profit of associates has declined by 89.26% at Rs 212.43 crore for Q2FY12 as compared to Rs 1978.81 crore for Q2FY11. Group’s total income has increased by 11.74% at Rs 32918.33 crore for the quarter under review from Rs 29460.61 crore for September quarter of the previous Fiscal.

Tata Steel, India’s biggest producer reported an 89% drop in fiscal second-quarter group profit because of waning demand, foreign-exchange losses and higher raw material costs at its European operations.