Tata Steel rose 1.26% to Rs 668.50 at 9:22 IST on BSE after the company reported a 15.73% growth in sales to 6.4 million tonnes in Q2 September 2017 over Q2 September 2016.
The announcement was made after market hours yesterday, 5 October 2017.Meanwhile, the S&P BSE Sensex was up 146.14 points or 0.46% at 31,738.17.
On the BSE, 15,000 shares were traded on the counter so far as against the average daily volumes of 4.69 lakh shares in the past one quarter. The stock had hit a high of Rs 668.90 and a low of Rs 664.05 so far during the day. The stock had hit a 52-week high of Rs 696.55 on 21 September 2017 and a 52-week low of Rs 366.05 on 21 November 2016.
The stock had outperformed the market over the past one month till 5 October 2017, advancing 1.41% compared with the Sensex's 0.68% fall. The stock had also outperformed the market over the past one quarter, gaining 20.09% as against the Sensex's 1.11% rise. The scrip had also outperformed the market over the past one year, gaining 69.13% as against the Sensex's 11.95% rise.
The large-cap company has equity capital of Rs 971.22 crore. Face value per share is Rs 10.
Tata Steel's production grew by 4.71% to 6.22 million tonnes in Q2 September 2017 over Q2 September 2016.
On a consolidated basis, Tata Steel reported net profit of Rs 921.09 crore in Q1 June 2017, compared with net loss of Rs 3183.07 crore in Q1 June 2016. Net sales rose 18.9% to Rs 29386.76 crore in Q1 June 2017 over Q1 June 2016.
Tata Steel is the world's second-most geographically-diversified steel producer, with operations in 26 countries and commercial presence in over 50 countries.
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