Nov 09, 2012, 08.07 PM | Source: Reuters
Tata Steel reported on Friday a surprise quarterly loss of Rs 364 crore, as weakening demand and prices in its main European market offset a solid performance at home.
A Reuters poll of brokerages had forecast net profit of Rs 260 crore.
The net loss for the quarter ended September compared with a profit of nearly Rs 600 crore a year earlier.
Shares in Tata Steel, valued at USD 7.2 billion, extended losses to more than 4 percent after the results announcement.
Sajjan Jindal, Chairman, JSW Group said fortunatel
Rajiv Kumar, Vice President (Operation) of Tata St
With good monsoon, focus is now more on domestic o
EY said in a report published on Thursday steel fi
"In particular, steel demand in India will outpace