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Tata Steel zooms as its crude steel production increases by 5% to 4.5 MT in Q2FY20

Tata Steel is currently trading at Rs. 342.20, up by 12.50 points or 3.79% from its previous closing of Rs. 329.70 on the BSE.

The scrip opened at Rs. 333.25 and has touched a high and low of Rs. 342.50 and Rs. 333.25 respectively. So far 148534 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 610.00 on 14-Nov-2018 and a 52 week low of Rs. 320.30 on 09-Oct-2019.

Last one week high and low of the scrip stood at Rs. 342.50 and Rs. 320.30 respectively. The current market cap of the company is Rs. 39699.82 crore.

The promoters holding in the company stood at 33.12%, while Institutions and Non-Institutions held 44.16% and 21.61% respectively.

Tata Steel’s crude steel production has increased by 4.65 per cent to 4.5 million tonne (MT) in second quarter ended September 30 (Q2FY20) as against 4.3 MT in the corresponding quarter last fiscal. The crude steel production also includes numbers from Tata Steel BSL and Tata Steel Long Products, without eliminating inter-company transaction. The company’s overseas arm Tata Steel Europe reported liquid steel production of 2.46 MT during quarter as against 2.42 MT in Q2 FY19.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.

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