ResultsMoneycontrol
Tata Steel shares down 3% post-Q2 results
GreyOak summary
Tata Steel shares fell 3% to Rs 184.34 despite a 16% rise in consolidated net profit. The decline was driven by concerns over widening losses in UK operations, which are expected to break even in the March quarter. Brokerages remain cautious about European earnings while noting potential improvements in domestic realizations.
What it affects
- Tata SteelTATASTEELNegative -27
Shares fell 3% despite profit riseRolling sentiment Positive +43
Source
Read the original at MoneycontrolMore Tata Steel news
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