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Tata Steel BSL falls as Q3 net loss widens

Capital Market 

Tata Steel BSL fell 0.94% to Rs 31.65 after the company reported a consolidated net loss of Rs 501.50 crore in Q3 December 2019 as against a net loss of Rs 239.67 crore in Q3 December 2018.

Net sales rose 1.82 to Rs 4736.78 crore in Q3 December 2019 from Rs 4652.16 crore recorded in Q3 December 2018. The result was announced after market hours yesterday, 14 January 2020.

Currently, the stock is trading 16.92% below its 52-week high of Rs 38.10 hit on 18 April 2019. It is 58.25% above its 52-week low of Rs 20 hit on 21 Aug 2019.

Tata Steel BSL is the largest manufacturer of auto-grade steel in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 15 2020. 10:38 IST