Tata Steel was up 0.30% to Rs 827.45 at 12:09 IST on BSE, having recovered from session's low of Rs 811 after the company said it has raised Rs 2000 crore through private placement of redeemable non convertible rupee debentures.
The stock hit a high of Rs 835.75 so far during the day. The stock had a 52-week high of Rs 969.80 on
The company’s current equity is Rs 730.58 crore. Face value per share is Rs 10.
The current price of Rs 827.45 discounts its Q3 December 2007 annualised EPS of Rs 70.17, by a PE multiple of 11.79.
Tata Steel’s net profit rose 0.5% to Rs 1068.58 crore on 11.3% growth in net sales to Rs 4973.92 crore in Q3 December 2007 over Q3 December 2006.
Tata Steel is engaged in manufacture and distribution of steel, welded steel tubes, cold rolled strips, bearings and other related products and services.
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