Krish Subramanium of Asit C Mehta Investment told CNBC-TV18, "In Tata Steel, there was a lot of resistance building up above Rs 390 level before the results. We have seen some sort of short built-up today and it could be heading towards Rs 370-375 levels, but from those levels, we could see some stability before the next upmove."
The share touched its 52-week high Rs 435.40 and 52-week low Rs 195.40 on 02 January, 2014 and 07 August, 2013, respectively.
The company's trailing 12-month (TTM) EPS was at Rs 54.27 per share. (Dec, 2013). The stock's price-to-earnings (P/E) ratio was 6.94. The latest book value of the company is Rs 568.46 per share. At current value, the price-to-book value of the company was 0.66. The dividend yield of the company was 2.13 percent.
Disclosure: Analyst has recommended above strategies to his clients.
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