M-cap falls 11% in 2 weeks to Rs 1.32 trn, against watchmaker's Rs 1.41 trn
With a better financial health, leading companies are now better placed to undertake expansion projects than they were in the past several years
Volatility index, India VIX, however, surged 11 per cent to 21 levels ahead of the expiry of monthly F&O contracts due tomorrow
Grasim Industries, India Cements, JK Paper, Mahanagar Gas and Barbeque-Nation Hospitality are among 33 companies slated to post their quarterly numbers today
Analysts say move will result in inflows of $119 million in Tata Steel and selling of $58 million from ONGC by passive funds benchmarked to index
The upturn in the steel cycle has allowed it to reconsider overseas asset sales and plan domestic expansion and acquisitions
Even at low steel prices, we will be the last man standing, says Tata Steel MD & CEO
The rising prices of steel which is widely used in sectors like construction, auto, etc will not affect the demand in the domestic market, Tata Steel CEO and Managing Director T V Narendran has said.
Sustained steel prices at these levels could lead to upward rating pressure.
Value of its holdings in 14 firms is worth Rs 10.45 trillion, up 86% since March 2020
Large producers with iron ore mines and export markets are thriving in the current cycle but small ones, with access to neither, are struggling
Koushik Chatterjee, executive director and chief financial officer, Tata Steel, tells Ishita Ayan Dutt that balance sheet strengthening continues to be an enterprise strategy
The management has guided for an increase in Q1FY22 realisations by Rs 6,000-7,000/tonne and spreads to improve by Rs 4,000-4,500/tonne on a sequential basis
Till the Tata Steel stock defends the closing basis support of Rs 1,050-mark, the upside bias may see a rally toward uncharted territory of Rs 1,200 to Rs 1,270 levels
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
In the past one month, Tata Steel has rallied 30 per cent, against 0.74 per cent decline in the S&P BSE Sensex
Tata Steel reported a higher-than-expected consolidated net profit at Rs 6,644 crore in the March quarter (Q4) of FY21, against a net loss of Rs 1,481 crore in the corresponding period last year
Third private sector company to report quarterly revenue of Rs 50,000 crore
Fitch Ratings has assigned JSW Hydro Energy's proposed US-dollar senior secured notes an expected rating of 'BB+(EXP)' with a stable outlook
Tata Steel's market capitalisation more than quadrupled since March 2020 from around Rs 30,400 crore to Rs 1.27 trillion now