Tata Steel FY21 net profit doubles to Rs 13,607 crore; board approves Rs 25 dividend
In Q4 FY21, Tata Steel reported a standalone net profit of Rs 6,593.54 crore as opposed to a loss of Rs 436.83 crore in Q4 FY20, and highest-ever quarterly crude steel production at 4.75 million tonnes
BusinessToday.In | May 5, 2021 | Updated 21:20 IST
Indian steel major Tata Steel reported a standalone net profit of Rs 13,606.62 crore for the financial year ended March 31, 2021, more than twice recorded in the previous fiscal. The steelmaking arm of Tata group had posted a net profit of Rs 6,743.80 crore in financial year 2019-20, translating into a 101 per cent growth financial year 2020-21.
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Tata Steel hits Rs 1 lakh crore in market capitalisation
Tata Steel on Tuesday touched Rs 1 trillion (Rs 1 lakh crore) in market capitalisation after the scrip hit a 52-week high of Rs 882.50. The gain pushed the market cap to Rs 1.05 trillion. Tata Steel now becomes the fourth company of the Tata Group to hit Rs 1 trillion in market capitalisation. The other three Tata Group companies in the elite list are TCS, Tata Motors and Titan.
The large cap stock gained more than 20 per cent in the last five days. The scrip has delivered a return of 223 per cent in one year and 34 per cent since the beginning of this year. The recovery in Indian economy led to improvement in steel demand.
Tata Steel share hits 52-week high after Moody s changes outlook to stable
Tata Steel stock touched a fresh high of Rs 868.65, rising 6.98% against previous close on BSE
BusinessToday.In | April 1, 2021 | Updated 17:32 IST
Tata Steel is one of the country s top steel producers with an installed capacity of 20.6 million tonne per annum (MTPA).
Tata Steel share hit a fresh 52-week high today extending gains for the fifth consecutive session amid a slew of upgrades from foreign brokerages.
The large cap stock touched an intraday high of Rs 868.65, rising 6.98% against previous close on BSE. The stock gained 22.67% in the last five days. Tata Steel share stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Tata Steel share climbs 3.54% after firm reports Rs 3,989-crore profit in Q3
Tata Steel stock touched an intraday high of Rs 724.4, rising 3.55% on BSE
BusinessToday.In | February 10, 2021 | Updated 11:04 IST
Tata Steel share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Tata Steel share rose over 3% in early trade after the firm reported a net profit of Rs 3,989 crore in Q3 against net loss of Rs 1,166 crore in the year-ago quarter. Tata Steel stock touched an intraday high of Rs 724.4, rising 3.55% on BSE.
Tata Steel share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 55.08% in one year and risen 6.91% since the beginning of this year.