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Tata Steel Ltd gains for third straight session

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Capital Market
Last Updated : Sep 07 2018 | 1:16 PM IST

The stock is quoting at Rs 616.2, up 2.65% on the day as on 12:49 IST on the NSE. Tata Steel Ltd is down 1.32% in last one year as compared to a 16.29% jump in NIFTY and a 1.11% jump in the Nifty Metal index.

Tata Steel Ltd gained for a third straight session today. The stock is quoting at Rs 616.2, up 2.65% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 11553.15. The Sensex is at 38260.02, up 0.05%. Tata Steel Ltd has gained around 6.7% in last one month.

Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has gained around 6.94% in last one month and is currently quoting at 3632.2, up 1.69% on the day. The volume in the stock stood at 49.78 lakh shares today, compared to the daily average of 85.79 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 619.4, up 2.58% on the day. Tata Steel Ltd is down 1.32% in last one year as compared to a 16.29% jump in NIFTY and a 1.11% jump in the Nifty Metal index.

The PE of the stock is 8.67 based on TTM earnings ending June 18.

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First Published: Sep 07 2018 | 1:05 PM IST

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