New Delhi [India], May 12 (ANI): Jindal Steel and Power Ltd (JSPL) said on Wednesday its profit after tax moved up to Rs 3,426 crore in the quarter ended March versus Rs 282 crore in the same period of previous fiscal.
Investor confidence in Tata Steel gets a boost on strong earnings of group firm
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Though European operations have been a drag for Tata Steel, rising steel prices should boost the company’s prospects. The major trigger for the stock though can be provided by the sale of its Netherlands business that will aid debt reduction too
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MUMBAI: The strong performance of Tata Steel Long Products Ltd for the December quarter, boosted marker sentiment for Tata Steel Ltd as well. On Friday, when broader indices were in the red, the Tata Steel stock traded higher. Shares of Tata Steel Long Products rose more than 8%.