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Tata Steel shares climb 3% on Muhurat trading session

The company said it achieved the best-ever quarterly volumes in India, registering growth both on QoQ and YoY basis.

November 17, 2020 / 05:04 PM IST

Shares of Tata Steel jumped almost 3 percent during the Muhurat trading session on November 14, a day after the company posted a 59.6 percent year-on-year (YoY) fall in Q2FY21 profit at Rs 1,635.4 crore against Rs 4,043.5 crore in the corresponding quarter a year ago.

Total revenue from operations stood at Rs 37,154 crore against Rs 34,579 crore YoY.

EBITDA stood at Rs 6,217 crore against Rs 3,893 crore YoY.

The company said it achieved the best-ever quarterly volumes in India, registering growth both on QoQ and YoY basis.