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Options Trade | A non-directional options strategy in Tata Steel

Tata Steel is expected to remain sideways within our range. An Iron Condor trade to capitalise

August 18, 2022 / 08:21 IST
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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