Narendran mentioned that the focus on railways was very crucial as it is often considered that the railways could be a big bottleneck for growth
Finance Minister Nirmala Sitharaman also focussed on capital expenditure, affordable housing, small and medium enterprises.
Net Sales are expected to increase by 5.7 percent Y-o-Y (up 7.3 percent Q-o-Q) to Rs. 64,262.5 crore, according to Motilal Oswal.
Mrs Bectors Food Specialities is currently trading at 52 week high which tells that the stock already is in strong momentum.
Tata Steel has given a strong breakout from multiple resistance zones with a sharp surge in volumes. The momentum indicator RSI (relative strength index) has given a positive crossover and surpassed the level of 60, which confirms the buy signal.
CLSA expects steel prices to rise in the near term (in line with or at a discount to import parity) before softening in the following quarters.
Narendran spoke to Moneycontrol’s Chandra Srikanth at Davos, discussing global supply shortages, steel demand, acquisitions and deleveraging plans.
In July 2022, Tata Steel completed the acquisition of Neelachal Ispat for an aggregate consideration of Rs 12,100 crore.
World Economic Forum | Davos 2023 | Moneycontrol @ Davos 'Indian delegates in Davos are optimistic, Europeans are pessimistic. The US is expected to bounce back. There's a lot of pent up demand that's going to come out of China', says TV Narendran, the Managing Director of Tata Steel. He also throws light on the outlook for the steel industry. 'Q2 was the toughest quarter for India, getting better QoQ. This is a challenging year due to gas prices in Europe, coal prices', he says. Watch!
TCS to kick-off Q3 earnings season; how will IT stocks react in results week? Emirates NBD & Fairfax Group likely to have submitted expression of interest (EoI) for IDBI Bank stake: Moneycontrol Exclusive. Other stocks in focus: Titan, Tata Steel & Lupin.
IRB Infrastructure Developers shares gained 8 percent to end at record closing high of Rs 314 and formed strong bullish candle on the daily scale with healthy volumes, making higher high higher low for second consecutive session.
We find the landscape flipped now with China policies turning supportive and the big earnings cut for Tata Steel and Hindalco behind. We believe a sequential improvement in quarterly EBITDA trend for Tata Steel and Hindalco in 2023 will help drive stock performance, Jefferies said.
About 2,504 shares advanced, 889 shares declined, and 120 remained unchanged on December 27
The two obsolete units in the coke plant will be replaced with newer versions, which are equipped with the latest technology and are environment-friendly, the company said.
Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official had earlier told PTI.
A sale of Electrosteel will lower the company’s debt and provide it more muscle to aid the finances of its parent company
In the truncated week beginning today, the index may march towards its last week's high of 18,178, followed by 18,350 (the high of 2022). If the index manages to sustain these levels, then a record high of 18,604 can't be ruled out with strong support at 18,000-17,900 levels
For September quarter, Tata Steel reported 90 per cent drop in consolidated net profit to Rs 1,297 crore
ICICI Direct recommended hold rating on Tata Steel with a target price of Rs 110 in its research report dated November 02, 2022.
BRO is a premier organisation constructing and maintaining infrastructure in the most challenging terrain of India.
Motilal Oswal recommended Neutral rating on Tata Steel with a target price of Rs 94 in its research report dated November 01, 2022.
Initially a minor player in a fierce boardroom battle, Jamshed J Irani emerged from the shadows to steer clear of Russi Mody’s pervasive influence over Tata Steel and lead the company up the more difficult path to financial redemption
Larsen & Toubro reported strong earnings for the September quarter and Santo is elated with the numbers. But, CJ worries if the best is already over. Watch as the duo debate what lies ahead for L&T plus their thoughts on Tata Steel, Bharti Airtel and CCL Products.