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
Amid a sharp rally in the stock, the steelmaker overtakes Titan after a gap of nearly 6 years
Major metal stocks are not witnessing any selling pressure despite trading in the overbought category of RSI
The company's m-cap is up 27% in April so far, and has trebled since Sept 2020
Some have temporarily shut down units in the wake of rising Covid cases, but at least three major suppliers to the auto industry said the move was unlikely to impact negotiations
The 30-share bluechip index is rebalanced on a semi-annual basis with next rejig slated for June 18
Indian steel major Tata Steel has filed a commercial court claim in the UK against British Indian steel tycoon Sanjeev Gupta led GFG Alliance
The Indian steel industry has the capacity to supply about 3,000 tonnes a day of medical oxygen
Tata Steel BSL's consolidated net profit more-than-doubled to Rs 1,913 crore in Q4FY21, against Rs 913 crore in December quarter (Q3FY21)