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Tata Steel shares surge 9 pc post Q4 earnings

Press Trust of India  |  New Delhi 

of today surged almost 9 per cent after the company's consolidated net loss narrowed to Rs 1,168.02 crore for the quarter ended March 31, 2017.

After a positive opening, the stock zoomed 8.71 per cent to Rs 496.85 on


At NSE, of the company jumped 8.92 per cent to Rs 497.30.

The stock was the top gainer on both and in early trade.

Tata Steel's consolidated net loss narrowed to Rs 1,168.02 crore for the quarter ended March 31, 2017, driven by higher from Indian as well as European operations.

The company had posted a consolidated net loss of Rs 3,041.88 crore for the year-ago quarter.

The consolidated from operations increased to Rs 35,304.89 crore in January-March 2017, from Rs 27,071.26 crore in the same quarter of FY2015-16, yesterday said in a regulatory filing.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 17 2017. 13:02 IST
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