NEW DELHI: Shares of Tata Steel Ltd. traded 3.82 per cent up in Wednesday 's trade at 10:54AM (IST). Around 305897 shares changed hands on the counter.

The stock opened at Rs 274.45 and touched an intraday high and low of Rs 284.2 and Rs 271.4 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 610.6 and a 52-week low of Rs 251.6 .

Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 30815.13 Crore) operating in Metals - Ferrous sector.

Tata Sons, the holding company of salt-to-software Tata Group, has refused to commit any further funds to support Tata Steel’s loss-making UK and Europe subsidiaries.


Key Financials

The company reported consolidated net sales of Rs 34774.29 crore for the quarter ended 31-Dec-2019 , up 2.42 per cent from previous quarter's Rs 33953.75 crore and up -14.05 per cent from the year-ago quarter's Rs 40457.11 crore.

Shareholding pattern
As of 31-Mar-2020 , DIIs held 14.307501 per cent stake in the firm , while foreign institutional investors held 12.390614 per cent and the promoters 34.41154 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 6.25 and a price-to-book ratio of 573.71 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.

Tata Steel Ltd. belongs to the Steel - Integrated industry.