Tata Steel rose 0.07% to Rs 384.65 at 12:08 IST on BSE after the company said its steel sales rose 9.4% to 2.06 million tonnes in Q3 December 2013 over Q3 December 2012.
The company announced the production and sales volume data for Q3 December 2013 during trading hours today, 13 January 2014.
Meanwhile, the S&P BSE Sensex was up 247.19 points or 1.19% at 21,005.68.
On BSE, so far 3.09 lakh shares were traded in the counter as against average daily volume of 9.08 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.28% at the day's high of Rs 389.25 so far during the day. The stock lost as much as 0.59% at the day's low of Rs 382 so far during the day. The stock had hit a 52-week high of Rs 435.40 on 2 January 2014. The stock had hit a 52-week low of Rs 195.40 on 7 August 2013.
The stock had underperformed the market over the past one month till 10 January 2014, sliding 9.21% compared with the Sensex's 2.34% fall. The scrip had, however, outperformed the market in past one quarter, jumping 24.77% as against Sensex's 2.4% rise.
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The large-cap company has equity capital of Rs 971.21 crore. Face value per share is Rs 10.
Tata Steel said its hot metal production rose 1.6% to 2.31 million tonnes in Q3 December 2013 over Q3 December 2012. Crude steel production rose 3.7% to 2.16 million tonnes in Q3 December 2013 over Q3 December 2012. Saleable steel production rose 3.9% to 2.15 million tonnes in Q3 December 2013 over Q3 December 2012.
Tata Steel said that its flat product saleable steel production was its best ever in Q3 December 2013 at 1.48 million tonnes.
Tata Steel reported a consolidated net profit of Rs 916.77 crore in Q2 September 2013, as against net loss of Rs 363.93 crore in Q2 September 2012. Net sales rose 7.4% to Rs 36369.64 crore in Q2 September 2013 over Q2 September 2012.
Tata Steel is among the top-ten global steel companies with an annual crude steel capacity of over 29 million tonnes per annum (mtpa). It is the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries.
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