Trending stocks: Tata Steel share price flat in early session

NEW DELHI: Shares of Tata Steel Ltd. traded 0.09 per cent up in Thursday's trade at 11:28AM (IST). Around 351,703 shares changed hands on the counter.

The stock opened at Rs 316.15 and touched an intraday high and low of Rs 322.6 and Rs 316.0, respectively, in the session so far. The stock of Tata Steel Ltd. quoted a 52-week high of Rs 516.4 and a 52-week low of Rs 250.9.

Total market cap of the Tata Steel Ltd. stood at Rs 38381.55 crore at the time of writing this report.



Shareholding pattern
As of 31-Mar-2020, DIIs held 14.31 per cent stake in the firm, while foreign institutional investors held 12.39 per cent and the promoters 34.41 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 7.09 and a price-to-book ratio of 0.56. 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 no growth in the business.

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