Tata Steel Ltd gains for third straight session

Tata Steel Ltd is quoting at Rs 348.65, up 1.01% on the day as on 12:54 IST on the NSE. The stock is down 43.69% in last one year as compared to a 5.76% slide in NIFTY and a 37.15% slide in the Nifty Metal index.

Sep 06, 2019 07:09 IST capital market

Tata Steel Ltd is up for a third straight session today. The stock is quoting at Rs 348.65, up 1.01% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.68% on the day, quoting at 10921.15. The Sensex is at 36909.96, up 0.72%. Tata Steel Ltd has slipped around 8.71% in last one month.

Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has slipped around 2.68% in last one month and is currently quoting at 2313.6, up 0.51% on the day. The volume in the stock stood at 52.89 lakh shares today, compared to the daily average of 144.15 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 349.25, up 0.88% on the day. Tata Steel Ltd is down 43.69% in last one year as compared to a 5.76% slide in NIFTY and a 37.15% slide in the Nifty Metal index.

The PE of the stock is 4.03 based on TTM earnings ending June 19.

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