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Tata Steel: Stellar Q4 show sets stage for a better Q1FY22, say analysts

Given the strong results, analysts now believe that Tata Steel to report an even-better April to June quarter as steel prices continue to rise

Topics
Tata Steel | Tata group

Nikita Vashisht  |  New Delhi 



tata steel

Propelled by an all-round beat in the March quarter (Q4FY21), shares hit a fresh record high of Rs 1,128.8 apiece on the BSE after they rallied 6 per cent in the intra-day deals. Recovering 8 per cent from the day’s low, the stock surpassed its previous record high of Rs 1,088.8 touched on May 5, 2021. In the past one month, the stock of the firm has zoomed 30 per cent as against a 0.74 per cent decline in the benchmark S&P BSE Sensex.

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First Published: Thu, May 06 2021. 14:17 IST

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