Tata Metal Ltd drops for fifth straight session




Tata Metal Ltd is quoting at Rs 1126.5, down 4.68% on the day as on 13:24 IST on the NSE. The inventory jumped 54.46% in final one 12 months as in comparison with a 15.16% rally in NIFTY and a 46.75% spurt within the Nifty Metallic index.

Tata Metal Ltd fell for a fifth straight session at the moment. The inventory is quoting at Rs 1126.5, down 4.68% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down round 1.56% on the day, quoting at 16937.8. The Sensex is at 56792.03, down 1.55%.Tata Metal Ltd has gained round 2.48% in final one month.In the meantime, Nifty Metallic index of which Tata Metal Ltd is a constituent, has elevated round 1.51% in final one month and is presently quoting at 5658.95, down 2.77% on the day. The quantity within the inventory stood at 55.25 lakh shares at the moment, in comparison with the day by day common of 86.12 lakh shares in final one month.

The benchmark February futures contract for the inventory is quoting at Rs 1123.25, down 4.93% on the day. Tata Metal Ltd jumped 54.46% in final one 12 months as in comparison with a 15.16% rally in NIFTY and a 46.75% spurt within the Nifty Metallic index.

The PE of the inventory is 4.63 based mostly on TTM earnings ending December 21.

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(This story has not been edited by Enterprise Commonplace workers and is auto-generated from a syndicated feed.)

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