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Tata Steel: Implication of amalgamation for shareholders

Nandish Shah   •

Short-term benefits from proposed amalgamation is likely to be neutralised with the issuance of new shares of Tata Steel.

Tata Steel Long Products | CMP: Rs 579.70 | The share price fell over 4 percent after the company posted a surprise net loss of Rs 331.09 crore in the quarter ended June, thanks to higher expenses. The company had a profit of Rs 331.60 in the year-ago period. This was despite its total income rose 24.78 percent to Rs 2,154.78 crore from Rs 1,726.82 crore in the quarter ended June 2021. The company’s expenses almost doubled to Rs 2,489.58 crore from Rs 1,282.59 crore in the same period a year ago.

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More