Tata Steel Slides Wednesday, Underperforms Competitors

Dow Jones

Oct 07

This article was automatically generated by MarketWatch using technology from Automated Insights.

Tata Steel Ltd. shares dropped 1.74% to 175.50 Indian rupees Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the BSE SENSEX Index falling 0.59% to 72,638.70.

Tata Steel Ltd. closed 21.79% short of its 52-week high of 224.40 rupees, which the company achieved on May 15th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Pennar Industries Ltd. rose 2.05% and Sarda Energy & Minerals Ltd. fell 0.25%. Steel Authority of India Ltd. fell 2.13%.

Trading volume totaled 928,327, compared to the 50-day average of 1.4 million.

Data source: Dow Jones Market Data, FactSet

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Minerals Ltd.  fell 0.25%. <a href=\"https://laohu8.com/S/SAUKF\">Steel Authority of India Ltd.</a>  fell 2.13%. \n</p>\n<p>\n     Trading volume totaled 928,327, compared to the 50-day average of 1.4 million. \n</p>\n<p>\n  Data source: Dow Jones Market Data, FactSet \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tata Steel Slides Wednesday, Underperforms Competitors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Steel Authority of India Ltd.  fell 2.13%. \n\n\n     Trading volume totaled 928,327, compared to the 50-day average of 1.4 million. \n\n\n  Data source: Dow Jones Market Data, FactSet","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}