Tata Steel rose 2.09% to Rs 583.75 at 10:48 IST on BSE after the company posted 60.43% rise in consolidated net profit to Rs 3900.90 crore on 39.18% increase in total income to Rs 43560.96 crore in Q1 June 2008 over Q1 June 2007.
The result was declared after market hours yesterday, 28 August 2008.
The stock hit a high of Rs 590.40 and a low of Rs 582 so far during the day. The stock had a 52-week high of Rs 969.80 on 29 October 2007 and a 52-week low of Rs 522.33 on 29 August 2007.
World’s sixth largest steel maker has an equity capital of Rs 730.58 crore. Face value per share is Rs 10.
The current price of Rs 583.75 discounts its Q1 June 2008 annualised standalone EPS of Rs 81.47, by a PE multiple of 7.16.
The Q1 June 2008 results were calculated on a proforma basis as the profits of Corus were not included in the company's consolidated quarterly earnings last year.
Tata Steel is an integrated steel producer which manufactures a variety of steel products. The company's products include steel ball bearing rings, alloy steel bearing rings, annular forgings, flanges, bearings, welded steel tubes, cold rolled strips and seamless tubes. Tata Steel also manufactures metallurgical machinery.
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