Sudarshan Sukhani of s2analytics.com is of the view that one can see more declines in Tata Steel.
Sudarshan Sukhani of s2analytics.com is of the view that one can see more declines in Tata Steel .
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.
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