Tata Steel Q2 loss at 6196 crore; should you buy, sell or hold stock-
时间:2024-06-26 12:03:53 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.)
上一篇:Xiaomi Pad 6 buying guide- 10 things to know before you spend Rs 26,999
下一篇:YearEnder 2023- From P C Chandra Jewellers to Nike; a sneak peek into print ads rolled out this year
猜你喜欢
- Markets snap week-long losing streak
- Majority of Nifty 500 shares waiting for earnings before following Nifty’s rally; use ‘buy on dips’ approach
- Rupee depreciated 20-fold since independence; here’s how ‘Make in India’ may boost Indian currency
- Rupee likely to depreciate amid rise in crude oil prices; USDINR pair to trade in this range
- ts. Thus we believe that this company is suitable only for investors having a high-risk appetite and a long-term view.”
(The stock 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.)
- Rising cost of imported coal may impact power tariffs
- Road trips for 2024
- Market Outlook- Nifty, Sensex end higher as traders eye US CPI inflation data for cues
- Year-Ender 2023- Securing the noose on cybersecurity