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Tata Steel shares up 4 pc post Q1 results

Press Trust of India  |  New Delhi 

of today rose by over 4 per cent after the company returned to profit in the quarter ended June 30, 2017.

After making a positive opening, of the company further jumped 4.15 per cent to Rs 624.95 -- its 52-week high -- on

At NSE, of the company gained 4.24 per cent to hit its one year high of Rs 625.50.

yesterday posted a consolidated net profit of Rs 921.09 crore for the quarter ended June on the back of higher from operations.

The company had posted consolidated net loss of Rs 3,183 crore in the year-ago period, said in a filing to

"Our sales were up by 28 per cent on a y-o-y basis as the smooth ramp up of our Kalinganagar facility helped us increase our volumes and increase our market share," T V Narendran, Managing Director, Tata Steel and South East said in a statement.

The consolidated from operations during April- June quarter was at Rs 30,973 crore, registering an increase of 19 per cent.

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

First Published: Tue, August 08 2017. 12:57 IST