Tata Steel rises even after its production remains almost flat at 7.4 MT in Q4FY21
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Tata Steel is currently trading at Rs. 874.20, up by 11.35 points or 1.32% from its previous closing of Rs. 862.85 on the BSE.
The scrip opened at Rs. 869.00 and has touched a high and low of Rs. 884.85 and Rs. 863.00 respectively. So far 652333 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 884.85 on 07-Apr-2021 and a 52 week low of Rs. 259.25 on 22-Apr-2020.
Last one week high and low of the scrip stood at Rs. 884.85 and Rs. 818.65 respectively. The current market cap of the company is Rs. 105173.81 crore.
The promoters holding in the company stood at 34.41%, while Institutions and Non-Institutions held 42.96% and 21.78% respectively.
Tata Steel’s consolidated steel production remained almost flat at 7.4 million tonnes (MT) in the quarter ended March 31, 2021 (Q4FY21). The company's output was 7.37 MT in the year-ago period. In January-March 2020-21, Tata Steel India produced 4.75 MT as against 4.73 MT a year ago. In Europe, the company produced 2.65 MT in the quarter as compared to 2.64 MT.
The company’s consolidated sales during the quarter under review stood at 7.16 MT, up from 6.42 MT in the year-ago period. In January-March this year, Tata Steel India's total sales were 4.67 MT as against 4.03 MT a year ago. In Europe, its sales stood at 2.49 MT compared to 2.39 MT. In 2020-21, the company reported lower production of 26.48 MT, compared to 28.46 MT in the preceding fiscal. Sales in FY21 stood at 26.15 MT as against 26.26 MT in the year-ago period.
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.
