Tata Steel is currently trading at Rs. 867.25, up by 0.30 points or 0.03% from its previous closing of Rs. 866.95 on the BSE.
The scrip opened at Rs. 872.00 and has touched a high and low of Rs. 873.00 and Rs. 859.35 respectively. So far 141230 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1534.60 on 16-Aug-2021 and a 52 week low of Rs. 827.10 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 894.55 and Rs. 859.35 respectively. The current market cap of the company is Rs. 105732.22 crore.
The promoters holding in the company stood at 33.92%, while Institutions and Non-Institutions held 43.38% and 21.91% respectively.
Tata Steel is planning to spend around Rs 1,200 crore on new technology development over the next three to four years. Besides, in the new materials business, the company has been focusing on graphene, which can be mixed with plastic and recycled like brand-new products, among other attributes.
Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.