Tata Steel gains in line with steel demand
DALAL STREET SPIKES
| More than 52.22 lakh shares were traded on the BSE. The counter has been in the limelight in the last few months, with the scrip surging. |
| Steel prices have firmed up considerably due to strong demand in the international markets, according to analysts. |
| Domestic demand has also increased on the back of improved orders from the construction and automobile sectors. |
| The company's domestic sales for April-December 2003 grew by 7 per cent to 2.45 million tonne (mt) from 2.30 mt in the same period last year. |
| Tata Steel reported a 100.8 per cent rise in net profit at Rs 403.10 crore for the second quarter ended September 2003. |