Money on the markets

A maturing market amid the mayhem

Tata Steel leads metals

September 16, 2009

Tata Steel shares jumped 8.2 percent on Wednesday, registering their biggest one-day rise in more than three months and their best close in a year. The surge helped the BSE Metal Index gain 4.2 percent.

tata-steelThe counter led the gainers on the BSE after Federal Reserve Chairman Ben Bernanke said the U.S. recession was probably over, boosting metals stocks across regions. Shanghai copper futures also rose but lagged the international market.

According to Thomson Reuters data, Tata Steel shares have gained 25 percent this month and over 140 percent since January.

Data shows the company, with a relatively high Beta of 1.76, balances it with good operating margin of 37.6 percent and has a price-to-book value ratio of 1.45.

Do you think the counter can reach new highs as the global economy shapes up again?

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see