Tata Steel Ltd.

BSE: 500470 | NSE: TATASTEEL
Large Cap | Steel & Iron Products
191.15
3.35 (1.78%)
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Tata Steel surges as its overseas arm plans to launch 30 new products

Date: 30-08-2013

Tata Steel is currently trading at Rs. 286.25, up by 7.95 points or 2.86% from its previous closing of Rs. 278.30 on the BSE.

The scrip opened at Rs. 279.00 and has touched a high and low of Rs. 287.40 and Rs. 277.45 respectively. So far 456997 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.10 on 07-Jan-2013 and a 52 week low of Rs. 195.40 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 287.40 and Rs. 265.20 respectively. The current market cap of the company is Rs. 27767.04 crore.

The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 39.47% and 26.52% respectively.

In a bid to widen its customer base, Tata Steel Europe is planning to introduce as many as 30 new products this fiscal year. The company has identified nine market sectors, including automobile, lifting and excavating, packaging, energy and power, and rail.

Tata Steel’s European plants have a production capacity of 17.9 million tonnes (mt).

Tata Steel Europe is a multinational steel-making company headquartered in London, United Kingdom and a wholly owned subsidiary of Tata Steel.