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Tata Steel slips ex-dividend

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Meanwhile, the S&P BSE Sensex was down 21.01 points, or 0.11%, to 19,937.46.

On BSE, 4.23 lakh shares were traded in the counter as against an average daily volume of 8.28 lakh shares in the past one quarter.

The stock hit a high of Rs 259 and a low of Rs 252 so far during the day. The stock had hit a 52-week high of Rs 448.10 on 7 January 2013. The stock had hit a 52-week low of Rs 255.60 on 10 July 2013.

The stock had underperformed the market over the past one month till 12 July 2013, sliding 4.14% compared with the Sensex's 4.82% rise. The scrip had underperformed the market in past one quarter, falling 12.21% as against Sensex's 9.41% rise.

 

The large-cap company has equity capital of Rs 971.21 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 3.04% based on the closing price of Rs 262.80 on Friday, 12 July 2013.

Tata Steel reported consolidated net loss of Rs 6528.51 crore in Q4 March 2013, as against net profit of Rs 433.46 crore in Q4 March 2012. Net sales rose 0.9% to Rs 34180.05 crore in Q4 March 2013 over Q4 March 2012.

Tata Steel Group is among the top-ten global steel companies with an annual crude steel capacity of over 26.5 million tonnes per annum (mtpa).

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First Published: Jul 15 2013 | 11:44 AM IST

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