Tata Steel Ltd slips for fifth straight session

Tata Steel Ltd dropped for a fifth straight session today. The stock is quoting at Rs 177.5, down 1% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.08% on the day, quoting at 25576.5. The Sensex is at 83590.93, up 0.16%.Tata Steel Ltd has added around 3.54% in last one month.Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has increased around 1.21% in last one month and is currently quoting at 10499.05, down 2.09% on the day. The volume in the stock stood at 141.85 lakh shares today, compared to the daily average of 253.35 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 178.34, down 1.04% on the day. Tata Steel Ltd jumped 17.59% in last one year as compared to a 5.69% rally in NIFTY and a 9.44% spurt in the Nifty Metal index.

The PE of the stock is 15.1 based on TTM earnings ending June 25.

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