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As on 04-Dec-2023  13:00

Tata Steel Ltd spurts 0.85%, gains for fifth straight session

Tata Steel Ltd is up for a fifth straight session today. The stock is quoting at Rs 131.1, up 0.85% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.55% on the day, quoting at 20581.45. The Sensex is at 68464.1, up 1.46%. Tata Steel Ltd has gained around 9.8% in last one month.

Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has gained around 9.85% in last one month and is currently quoting at 7087, up 1.79% on the day. The volume in the stock stood at 240.18 lakh shares today, compared to the daily average of 243.97 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 131.8, up 0.69% on the day. Tata Steel Ltd is up 13.16% in last one year as compared to a 10.06% jump in NIFTY and a 5.78% jump in the Nifty Metal index.

The PE of the stock is 10.31 based on TTM earnings ending September 23.

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