Trending stocks: Tata Steel shares flat in early session

NEW DELHI: Shares of Tata Steel traded 0.21 per cent up in Wednesday 's trade at 09:46AM (IST).

Around 2185141 shares changed hands on the counter. The stock opened at Rs 287.4 and touched an intraday high and low of Rs 289.15 and Rs 281.9 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 610.6 and a 52-week low of Rs 251.6 .


India Ratings (Ind-Ra) said it has revised Tata Steel's outlook for non- convertible debentures to negative with the "risk of a substantial deterioration in the company's credit profile" caused by the COVID-19 containment measures.

Financials
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 31823.33 Crore) operating in Metals - Ferrous sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 34774.29 Crore, up 2.42 % from last quarter Sales of Rs 33953.75 Crore and down -14.05 % from last year same quarter Sales of Rs 40457.11 Crore. The Company reported net profit after tax of Rs -1249.01 Crore in latest quarter.

Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products which contributed Rs 67213.85 Crore to Sales Value (95.18 % of Total Sales), Power which contributed Rs 1709.51 Crore to Sales Value (2.42 % of Total Sales) and Other Operating Revenue which contributed Rs 1687.56 Crore to Sales Value (2.38 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 34.41154 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 6.39 and price to book value of 0.5 .