Meanwhile, the BSE Sensex was down 120.31 points, or 0.88%, to 13,572.21. On BSE, 1.04 crore shares were traded in the counter. The stock had an average daily volume of 15.90 lakh shares in the past one quarter. The stock hit a high of Rs 492.80 and a low of Rs 481.55 so far during the day. The stock has a 52-week high of Rs 969.80 on 29 October 2007 and hit a 52-week low of Rs 440.10 on 18 September 2008. The large-cap stock had underperformed the market over the past one month till 24 September 2008, declining 18.29% as compared to the Sensex’s decline of 4.92%. It had also underperformed the market in the past one quarter, falling 31.71% as compared to the Sensex’s decline of 2.94%. The company’s current equity is Rs 730.58 crore. Face value per share is Rs 10. The current price of Rs 482.80 discounts Q1 June 2008 annualized EPS of Rs 80.47, a PE multiple of 6. As per recent reports, Tata Steel through its indirect subsidiary TS Global Minerals Holdings, has bought a 7.3% stake in Riversdale Mining, which has a coking coal project in Mozambique. In August 2008 Tata Steel announced that its overseas unit formed a joint venture with Vietnam Steel Corporation and Vietnam Cement Industries Corporation for a steel complex in Ha Tinh province in Vietnam. Tata Steel’s net profit rose 21.8% to Rs 1,488.40 crore on 46.9% rise in sales to Rs 6,165.03 crore in Q1 June 2008 over Q1 June 2007. Tata Steel is an integrated steel producer which manufactures a variety of steel products. The company's products include steel ball bearing rings, alloy steel bearing rings, annular forgings, flanges, bearings, welded steel tubes, cold rolled strips and seamless tubes. Tata Steel also manufactures metallurgical machinery.