Tata Steel surges after fund raising proposal
Sanket Dewarkar / 18 Apr 2017
Tata Steel has delivered over 40 per cent return in a period of one year, whereas it has under-performed the Sensex over the past one quarter.
Stock of Tata steel, the world’s second most geographically diversified steel producer headquartered in Mumbai, has soared by 2.5 per cent after declaration of its board meeting which will be held on April 20, to consider a proposal of fund raising, as informed by its management to the bourses.
Tata Steel has delivered over 40 per cent return in a period of one year, whereas it has under-performed the Sensex over the past one quarter.
On the BSE, 1.53 lakh shares were traded on the counter so far as against the average daily volumes of 6.81 lakh shares in the past one quarter. The company has its equity capital of Rs 971.22 crore and Face value per share is Rs 10.
Tata Steel Ltd., is quoting at Rs.466.95 per share at 12.33 pm, which opened at Rs 465 and touched a high of Rs 474.25 with a previous close of Rs 462.05.
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