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Tata Steel Ltd drops for fifth straight session

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Tata Steel Ltd is quoting at Rs 342, down 0.29% on the day as on 13:24 IST on the NSE. The stock tumbled 40.17% in last one year as compared to a 6.29% slide in NIFTY and a 34.33% fall in the Nifty Metal index.

Tata Steel Ltd fell for a fifth straight session today. The stock is quoting at Rs 342, down 0.29% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.59% on the day, quoting at 10853.9. The Sensex is at 36867.62, down 0.52%.Tata Steel Ltd has eased around 25.63% in last one month.Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has eased around 19.26% in last one month and is currently quoting at 2283.2, down 1.73% on the day. The volume in the stock stood at 103.27 lakh shares today, compared to the daily average of 113.43 lakh shares in last one month.

 

The benchmark August futures contract for the stock is quoting at Rs 342.45, down 0.39% on the day. Tata Steel Ltd tumbled 40.17% in last one year as compared to a 6.29% slide in NIFTY and a 34.33% fall in the Nifty Metal index.

The PE of the stock is 4 based on TTM earnings ending June 19.

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First Published: Aug 22 2019 | 1:36 PM IST

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