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Tata Steel due to begin formal UK sale process
Tata Steel is due on Monday to begin the formal sale process for its
loss-making British units which employ 15,000 people, a source close to the
company said.
Tata, one of the world's biggest steelmakers, said on March
30 it was putting its British assets up for sale, citing a global oversupply of
steel, high costs, weak domestic demand and a volatile currency.
Tata Steel Stock Price
Tata Steel Stock Price
On April 11, 2016, at 13:36 hrs Tata Steel was quoting
at Rs 328.10, up Rs 5.85, or 1.82 percent. The 52-week high of the share was Rs
384.20 and the 52-week low was Rs 200.00.
The company's trailing 12-month (TTM) EPS was at
Rs 51.88 per share as per the quarter ended December 2015. The stock's
price-to-earnings (P/E) ratio was 6.32. The latest book value of the company is
Rs 686.39 per share. At current value, the price-to-book value of the company
is 0.48.
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