Feb 14, 2013, 11.01 AM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is of the view that one can see more declines in Tata Steel.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "For Tata Steel the levels are Rs 340-350, so it is very awkward discussing that. But I don’t think this decline is going to steam today. It maybe a pause - that’s all, much lower levels are coming.”
The company's trailing 12-month (TTM) EPS was at Rs 58.58 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 6.43. The latest book value of the company is Rs 537.64 per share. At current value, the price-to-book value of the company was 0.7. The dividend yield of the company was 3.18%.
The share touched its 52-week high Rs 500.90 and 52-week low Rs 353.70 on 21 February, 2012 and 06 September, 2012, respectively. Currently, it is trading 24.81% below its 52-week high and 6.49% above its 52-week low. Market capitalisation stands at Rs 36,580.80 crore.