Tata Steel extends recent rally

Stock Market News

 

Tata Steel soared 3.6 percent to Rs 372 on BSE, with the stock extending its recent rising streak.

Meanwhile, the S&P BSE Sensex was down 53.11 points or 0.19 percent at 27,889.

On BSE, so far 14.54 lakh shares were traded in the counter as against average daily volume of 9.43 lakh shares in the past one quarter. The stock hit a high of Rs
373.50 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 356.75 so far during the day.

The stock had hit a 52-week low of Rs 200 on 29 September 2015. The stock had outperformed the market over the past one month till 14 July 2016, surging 10.52 percent
compared with 5.86 percent rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, advancing 8 percent as against Sensex’s 9.03
percent rise.

The large-cap company has equity capital of Rs 971.22 crore. Face value per share is Rs 10.

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