 "Tata Steel gains after Q1 profit up over 100%")
COnsolidated net profit for the quarter ended June 30, 2015 increased 126% to Rs 763 crore compared with Rs 337 crore in the corresponding quarter ended June 30, 2014.
However, consolidated net sales for the quarter ended June 30, 2015 declined 17% to Rs 29,900 crore as lower steel prices led to lower price realisations. Consolidated net sales stood at Rs 36,147 crore for the corresponding quarter ended June 30, 2014.
The stock opened at Rs 254 and touched a high of Rs 258. At 12:15PM, over 10.5 million shares were traded on both the stock exchanges.
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