Tata Steel rose 0.64% to Rs 306.40 at 10:29 IST on BSE, after the company reported a surge in steel production and sales in Q4 March 2013.
Meanwhile, the S&P BSE Sensex was up 31.08 points or 0.17% at 18,257.56.
On BSE, 1.35 lakh shares were traded in the counter as against average daily volume of 7.29 lakh shares in the past one quarter.
The stock hit a high of Rs 308.90 and a low of Rs 304.60 so far during the day. The stock had hit a 52-week high of Rs 479.40 on 23 April 2012. The stock had hit a 52-week low of Rs 300.85 on 28 March 2013.
The stock underperformed the market over the past one month till 9 April 2013, declining 15.08% compared with the Sensex's 7.4% fall. The scrip had also underperformed the market in past one quarter, sliding 27.97% as against Sensex's 7.32% fall.
The large-cap steel maker has equity capital of Rs 971.21 crore. Face value per share is Rs 10.
Tata Steel after trading hours on Tuesday, 9 April 2013, reported a surge in steel production and sales in Q4 March 2013. The company's steel sales jumped 29% to 2.27 million tonnes in Q4 March 2013 over Q4 March 2012. Production of saleable steel jumped 27% to 2.26 million tonnes in Q4 March 2013 over Q4 March 2012. Hot metal production rose 25% to 2.45 million tonnes in Q4 March 2013 over Q4 March 2012. Crude steel production rose 26% to 2.29 million tonnes in Q4 March 2013 over Q4 March 2012.
The company's steel production rose 13% to 7.48 million tonnes in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). Production of saleable steel rose 14% to 7.94 million tonnes in FY 2013 over FY 2012. The year registered its best ever performance in hot metal, crude steel, saleable steel production and total sales, Tata Steel said.
Flat product sales jumped 20.2% to a record 4.49 million tonnes in FY 2013 over FY 2012 (year ended 31 March 2012). The Flat Products division achieved its highest ever annual high end product sales of 190 kt to Auto customers and best ever annual Steel Roofing sales volume of 261 kt in FY 2013. The Long Products division achieved its highest ever annual sales of 2.99 million tonnes in FY 2013. The Long Products division achieved its highest ever annual retail sales of 1.16 mt in FY 2013.
Tata Steel reported consolidated net loss of Rs 763.06 crore in Q3 December 2012, higher than net loss of Rs 602.67 crore in Q3 December 2011. Net sales declined 3.5% to Rs 31821.50 crore in Q3 December 2012 over Q3 December 2011.
Tata Steel Group is one of the world's largest steel producers, with an aggregate crude steel capacity of more than 28 million tonnes per annum (MTPA) and approximately 81,000 employees across five continents.
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