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Tata Steel leans on branded products to tide over auto sector blues
Company logs 20% higher sales in branded products and retail, 23% in industrial products and projects
Tata Steel slips 4%, nears three-year low on weak June quarter results
In the past three months, the stock has underperformed the market by falling 30 per cent, as compared to a three per cent decline in the S&P BSE Sensex.
Tata Steel Q1 consolidated net profit at Rs 702 crore, down 64% YoY
India operations hit on fall in realisations, weakness in auto sector
Tata Steel Q1 PAT doubles to Rs 19.34 bn YoY, Ebitda at 20-quarter high
Increase in expenses by about Rs 60 billion on year on year basis led to a lower than expected bottom line for Tata Steel