Tata Steel Shares

Tata Steel, Vedanta, JSW Steel, and Nalco were up in the range of 2.7 - 3.2 per cent.

In telephonic Q&A, the MD & CEO of India's oldest steel producer, dwells on how his firm kept domestic operations ready for the pandemic, taking cues from Europe much before lockdown got announced

The company's margin improved on the back of stronger performance in the early part of the quarter.

The firm says the overall impact of the current situation on operations and financials yet to be assessed, management is keeping a close watch

Tata Sons, the promoter company of Tata group, on Thursday, bought shares worth Rs 531 crore in the four group companies in a bulk deal on the National Stock Exchange

The job cuts were announced by the Indian steel major last week as part of a wider transformation programme as it blamed ongoing losses and continued global headwinds faced by the steel industry

Tata Steel has been closing and selling plants in the UK since the 2008 financial crisis to make its business there more profitable

The company though reported a 5.9 per cent rise in consolidated net profit for the quarter

The company had announced in May 2018 the potential sale of five non-core businesses, enabling it to strengthen its focus on its strategic markets

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 was the worst hit among Sensex and Nifty stocks today