Tata Steel Q2 loss at 6196 crore; should you buy, sell or hold stock-
时间:2024-06-26 07:41:57 阅读(143)
Tata Steel’s stock price advanced by 0.94% to Rs 117.70 a day after the company posted a surprising net loss of Rs 6,196 crore on a consolidated basis for the second quarter of FY24, also missing street estimates, impacted by weak performance of its European operations. In comparison, the steel major had posted a net profit of Rs 1,514.42 crore in the comparable year-ago period. During the quarter review, the Tata Group firm’s consolidated revenue fell 7% to Rs 55,682 crore from Rs 59,878 crore recorded in the year-ago quarter.
Tata Steel’s stock has delivered a mixed performance in the last one year. The stock price dropped 3% in the last five days and 8.59% in the last one month. The stock, however, has offered returns of 6% in the last six months and over 15% in the last one year to its investors.
(The recommendations in this story are by the respective research analysts and brokerage firms. FinancialExpress.com does not bear any responsibility for their investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)
猜你喜欢
- Nifty to hit 15,700 in June; charts signal up move in Bank Nifty; IT, consumption sectors to lead the rally
- Nifty not positioned for a major fall, may cross 17400 this week; keep eye on India VIX, key moving averages
- Share Market Highlights- Nifty, Sensex end flat, NSE index below 18600; Bank Nifty above 44150, Auto, Realty gain, IT tanks
- Nifty may extend momentum towards 17442-17550 if it holds above 17250; Siemens, HDFC Bank among top stocks to buy
- Share Market Highlights- Nifty closes shy of 18500, up 0
- Share Market Highlights- Nifty settles below 18030, Sensex falls 230 pts; HUL, Asian Paints top losers
- Share Market Highlights- Benchmark indices hit all time high; Nifty settles above 20100, Sensex above 67500; Metals, Auto, oil & gas, select tech and power gains
- Aamaar Howrah! Decoding India’s oldest and busiest railway station – Check the history, interesting facts
- Share Market Highlights- Nifty settles below 18650, Sensex down 290 pts; Bank Nifty below 44400, IT, Auto, Realty tank