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Tata Sponge Iron rises on the bourses

Tata Sponge Iron is currently trading at Rs. 523.50, up by 3.15 points or 0.60% from its previous closing of Rs. 520.95 on the BSE.

The scrip opened at Rs. 524.25 and has touched a high and low of Rs. 524.25 and Rs. 521.00 respectively. So far 2260 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 990.38 on 18-Jul-2018 and a 52 week low of Rs. 519.50 on 04-Jul-2019.

Last one week high and low of the scrip stood at Rs. 556.50 and Rs. 519.50 respectively. The current market cap of the company is Rs. 2532.53 crore.

The promoters holding in the company stood at 54.50%, while Institutions and Non-Institutions held 6.17% and 39.33% respectively.

Tata Sponge Iron has commenced the operations of the iron ore mine with effect from July 04, 2019. The Company has received approvals from concerned authorities for transportation of iron ore extracted from the mines.

Tata Sponge Iron is engaged in business of manufacturing high-grade sponge iron that is consistent quality. The company also in the business segment of Power, Sponge Iron.

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