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Tata Steel gains 4% after March quarter nos; other metal stocks rally too

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

Tata Steel
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Motilal Oswal Financial Services (MOFSL) has maintained a "Neutral" rating on the stock.

SI Reporter New Delhi
Tata Steel shares climbed around 4 per cent on the BSE on Tuesday, a day after the company posted a consolidated pre-tax loss of Rs 1,499.45 crore for the quarter ended March 31, 2020. The company had logged a profit before tax (PBT) of Rs 4,252.50 crore in the corresponding period last year. 

The loss, the company said, was due to weak revenue and a slew of exceptional items, which further dented the earnings of the company.

At 09:22 am, the stock was trading around 3.4 per cent higher at Rs 332.10 as compared to a 0.52 per cent rise in the

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First Published: Jun 30 2020 | 9:51 AM IST

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