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Tata Steel Ltd gains for third straight session
12-Jun-19   13:05 Hrs IST

Tata Steel Ltd gained for a third straight session today. The stock is quoting at Rs 503.35, up 2.2% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.62% on the day, quoting at 11891.7. The Sensex is at 39703.63, down 0.62%. Tata Steel Ltd has gained around 6.57% in last one month.

Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has gained around 5.06% in last one month and is currently quoting at 2950.65, up 0.44% on the day. The volume in the stock stood at 87.22 lakh shares today, compared to the daily average of 98.95 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 505.95, up 2.24% on the day. Tata Steel Ltd is down 11.32% in last one year as compared to a 9.53% jump in NIFTY and a 17.97% jump in the Nifty Metal index.

The PE of the stock is 5.24 based on TTM earnings ending March 19.

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