With the recent fall, the stock has corrected 24 per cent from its 52-week high level of Rs 1,534.60 that it had touched on August 16, 2021.
The metal index on the NSE has tumbled 14 per cent so far from its historic peak and continues to drift lower
In FY22, Tata Steel reported highest ever consolidated EBITDA of Rs 63,830 cr and Europe contributed significantly with EBITDA of Rs 12,164 cr
Narendran said that the Jamshedpur-based behemoth will fuel its growth ambitions to more than double its output, relying on organic growth at its existing sites
The incident has been reported to the relevant authorities and an investigation to assess the cause is underway
Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent so far in calendar year 2022 (CY22)
In Q&A, T V Narendran explains why growing in India will not add to leverage
Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.
In 2007, Tata Steel skyrocketed from Rs 100 to Rs 700 in less than four years; Similarly, since 2020 the stock price grew seven-fold to a high of Rs 1,534.50.
Stocks to Watch Today: Tata Steel has announced a 46.8 per cent jump in Q4 net, and also announced a 10:1 stock split; LIC's Rs 21,000 crore IPO opens today.
Total revenues for the quarter at Rs 69,324 crore were higher by 38.6 per cent compared to Rs 50,028 crore in the year-ago period
Tata Steel will complete the acquisition of Neelachal Ispat Nigam Limited (NINL) by the end of the current quarter, its CEO and MD T V Narendran said
Tata Steel on Tuesday posted a 37 per cent jump in consolidated net profit at Rs 9,835.12 crore for the quarter ended March 2022, mainly on account of higher income. The steel major had reported a net profit of Rs 7,161.91 crore in the year-ago quarter, it said in a BSE filing. During January-March 2022, Tata Steel's total income jumped to Rs 69,615.70 crore from Rs 50,300.55 crore earlier. Total expenses rose to Rs 57,635.79 crore from Rs 40,102.97 crore in the January-March period of 2020-21.
After plunging over 600 points in intraday trade, the 30-share BSE Sensex recouped most losses to end 84.88 points or 0.15 per cent lower at 56,975.99
In a chat with Business Standard's Arup Roychoudhury, CII President and Tata Steel CEO, TV Narendran tells why he believes that current uncertainties may not derail India's growth trajectory
CLOSING BELL: Mukesh Ambani-led Reliance Industries (RIL) is set to become India's first company to hit market capitalisation (m-cap) of Rs 19 trillion
Stocks to Watch Today: Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday
It is the latest global company to cut ties with the country for invading Ukraine.
A stock split is generally undertaken to make the stock more affordable to small retail investors and increase liquidity
The Infosys ADR has declined over 9 per cent in the last two trading session in the US market, while our market was shut for trade, post Q4 results.