Monday, 11 April 2016

Equity Trading Tips with Tata Steel Stock Price


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
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.

Equity Market Opening Live Upates: Nifty trades flat




Sensex, Nifty trades flat; telecom, realty gain

S&P BSE Sensex is trading at 24,687 up 14 points, while NSE Nifty is trading at 7,561 up mere six points.

The BSE Mid-cap Index is trading up 0.41% at 10,638, whereas BSE Small-cap Index is trading up 0.36% at 10,703.

BHEL, Bharti Airtel, ONGC, Tata Motors, SBI and Sun Pharmaceutical are among the gainers, whereas Infosys, Cipla, M&M, Lupin, Asian Paints and Wipro are losing sheen on BSE.

Some buying activity is seen in telecom, realty, power, industrial, energy and oil & gas sector, while IT, FMCG and teck are showing weakness on BSE.

Indian rupee opened lower by 3 paise at 66.50/$ on Monday as against the previous close of 66.50/$.

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ARSS Infrastructure gains 10% on Rs 156cr order win
Shares of ARSS Infrastructure Projects surged 10 percent intraday Monday as the company's joint venture won an order from East Coast Railway, Bhubaneswar. 

The company's JV ARSS-SIPS has bagged a work order of Rs 156.85 crore for Budhapank-Salegaon via- Rajathagarh for third and fourth line.  

At 09:26 hrs ARSS Infrastructure Projects was quoting at Rs 42.95, up Rs 3.40, or 8.60 percent on the BSE.