Tata Steel Ltd slips for fifth straight session

Tata Steel Ltd dropped for a fifth straight session today. The stock is quoting at Rs 165.19, down 4.14% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.24% on the day, quoting at 22406.15. The Sensex is at 72534.84, down 0.98%.Tata Steel Ltd has lost around 12.14% in last one month.Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has eased around 12.7% in last one month and is currently quoting at 11798.35, down 3.5% on the day. The volume in the stock stood at 185.05 lakh shares today, compared to the daily average of 228.09 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 165.69, down 3.42% on the day. Tata Steel Ltd tumbled 5.3% in last one year as compared to a 13.14% slide in NIFTY and a 10.03% spurt in the Nifty Metal index.

The PE of the stock is 12.01 based on TTM earnings ending June 26.

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