Tata Steel Ltd.

Tata Steel is currently trading at Rs. 410.75, up by 4.75 points or 1.17% from its previous closing of Rs. 406.00 on the BSE.

The scrip opened at Rs. 407.70 and has touched a high and low of Rs. 412.45 and Rs. 406.10 respectively. So far 1,66,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 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. 437.95 and Rs. 394.00 respectively. The current market cap of the company is Rs. 39,399.00 crore.

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

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.