Tata Steel lost 1.99% to Rs. 335.30 at 14:24 IST on BSE, extending three-day 4.3% slide triggered by concerns the over 2-year old euro-zone debt crisis will impact the company's European operations adversely. Meanwhile, the BSE Sensex was down 100.89 points, or 0.65% to 15,443.04. On BSE, 8.80 lakh shares were traded in the counter as against average daily volume of 12.52 lakh shares in the past one quarter. The stock had hit a low of Rs. 334.35 so far during the day, which is also a 52-week low for the counter. The stock hit a high of Rs. 347 so far during the day. The stock had hit a 52-week high of Rs. 713.80 on 4 January 2011. The stock had underperformed the market over the past one month till 29 December 2011, falling 11.61% compared with Sensex's 2.9% decline. The scrip had also underperformed the market over the past one quarter, declining 20.9% as against Sensex's 6.91% fall. The large-cap steel maker has an equity capital of Rs. 959.21 crore. Face value per share is Rs. 10. The stock has fallen 6.2% in four trading sessions from a recent high of Rs. 357.70 on Monday, 26 December 2011, on concerns the ongoing euro-zone debt crisis will impact the company's European operations adversely. European operations constitute almost 65% of Tata Steel's sales. On a consolidated basis, Tata Steel's net profit fell 89.3% to Rs. 212.43 crore on 15.7% growth in net sales to Rs. 32507.45 crore in Q2 September 2011 over Q2 September 2010. Tata Steel is among the top ten global steel companies with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is one of the world's most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries.

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