Tata Steel is currently trading at Rs. 481.95, up by 14.00 points or 2.99% from its previous closing of Rs. 467.95 on the BSE.
The scrip opened at Rs. 469.00 and has touched a high and low of Rs. 482.90 and Rs. 465.10 respectively. So far 607961 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 487.00 on 08-Feb-2017 and a 52 week low of Rs. 243.40 on 26-Feb-2016.
Last one week high and low of the scrip stood at Rs. 482.90 and Rs. 455.70 respectively. The current market cap of the company is Rs. 46535.79 crore.
The promoters holding in the company stood at 31.35%, while institutions and non-institutions held 43.85% and 23.10% respectively.
Tata Steel is exploring possibility of entering overseas markets like Bangladesh and Myanmar with retail branded steel solution products. The company is taking this step boosted with success of its solution business in the retail segment in the domestic market.
Tata Steel offers branded rebars, doors, windows, modular housing, toilets and water ATMs etc in the Indian market and generates some Rs 700 crore revenue annually and was aiming to increase the same to 20% of the topline over the next few years.
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.