tata steel

Tata Steel crude steel production rises 4.65% at 4.5 MT in Q2

The crude steel production also includes numbers from Tata Steel BSL and Tata Steel Long Products, without eliminating inter-company transactions, the company said in a statement.

Weak economic activities, rains impact overall steel demand: Tata Steel

The Indian government has announced various measures to stimulate economic activities and market sentiments, it said and added that, however, the benefits of the same in terms of new private investments and improved domestic consumption will potentially manifest only in the longer term.

Tata Steel Q2 PAT may dip 90.7% YoY to Rs. 288.4 cr: ICICI Direct

Net Sales are expected to decrease by 19.2 percent Y-o-Y (down 2.2 percent Q-o-Q) to Rs. 35,172.5 crore, according to ICICI Direct.

These 20 Nifty 50 companies pay more than 30% tax rate; time to buy?

Any company paying 33% tax rate will see its earnings go up by 12%. Overall, Nifty earnings going up by ~5-6% in FY20.

Market Headstart: Nifty likely to retest 11K on crude oil woes; Tata Steel, Bharat Forge top buys

Trends on SGX Nifty indicate a gap-down opening for the broader index in India, with a 100 points loss or 0.90 percent. Nifty futures were trading around 11,011-level on the Singaporean Exchange.

Nearly 50% of Nifty companies trading at a discount; should you buy or stay put?

About 23 companies, or nearly 50%, of the Nifty50 universe is trading at a discount to their 10-year P/E multiple, data from Motilal Oswal and AceEquity showed

Metal index about to turn oversold, JSW Steel, Tata Steel, Hindalco top buys

The metal sector is about to turn oversold and we could see beginning of value buying or contra buying at the current or little lower levels.

Market Headstart: Nifty likely to open flat; Tata Steel, Bharat Forge top buys

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 15.5 points gain or 0.14 percent. Nifty futures were trading around 10,975-level on the Singaporean Exchange.

Tata Steel announces closure of UK factory, nearly 400 jobs on the line

The Indian steel giant announced that it had clinched the sale of a Canadian and Swedish plant as part of its worldwide Cogent Electrical Steels division but, despite exploring all options, the company has been unable to find a way forward for the Orb Electrical Steels plant.

Thyssenkrupp files complaint over Brussels' veto on Tata Steel JV

It was already clear in early May that Brussels would block the deal, causing a strategic U-turn at the group which includes a planned stock market listing or sale of its elevators division.

Corporate Corridor | Chandrasekaran’s growth plans offer investing ideas

The Tata Sons chief’s strategy appears to be one of consolidation, keeping in mind the philosophy of the group, rather than a slash and burn approach that may deliver quick results.

D-Street Buzz: Metal stocks shine led by JSPL, Tata Steel; Motherson Sumi up 3%, RIL most active

928 stocks advanced and 806 declined while 361 remained unchanged on the NSE. On the BSE, 1238 stocks advanced, 1095 declined and 143 remained unchanged.

Hold Tata Steel; target of Rs 350: ICICI Direct

ICICI Direct recommended hold rating on Tata Steel with a target price of Rs 350 in its research report dated August 08, 2019.

Tata Steel's UK losses continue to mount: Report

The Indian steelmaker, which runs the UK's largest steelworks at Port Talbot in south Wales, lost 371 million pounds in Britain in the financial year until March end this year as a result of lower production.

Tata Steel to cut capex to Rs 8,000 cr in FY20 amid slowdown

Of the Rs 12,000 crore, the steel major had initially planned to spend around Rs 8,000 crore on India operations.

3-Point Analysis | Tata Steel Q1 review

Despite the issues hurting the steel sector, during the June quarter, Tata Steel recorded a 11 percent year-on-year growth in the group revenues.

Tata Steel: Q1 provides early signs of build-up in operational pressure

Lower realisations, due to falling steel prices and higher cost, led to this poor performance at the operating level

Tata Steel’s caught between Europe and a hard place | Corporate Corridor

Tata Steel’s Europe business bored a hole in its performance, highlighting why selling it is a must so that it can sail ahead on its profitable Indian business

Tata Steel falls on missing Q1 estimates; CLSA cuts target to Rs 320

CLSA maintained its sell rating on Tata Steel, but slashed its target price to Rs 320 from Rs 395 earlier.

Tata Steel Q1 misses estimates, profit tanks 64% on muted revenue growth

Tata Steel India business declined nearly 2 percent to Rs 16,091 crore and Tata Steel Europe revenue fell 11.77 percent to Rs 14,495 crore compared to year-ago.

Tata Steel Standalone June 2019 Net Sales at Rs 16,091.32 crore, down 1.91% Y-o-Y

Tata Steel Consolidated June 2019 Net Sales at Rs 35,947.11 crore, down 4.98% Y-o-Y

Another international setback for Tata Steel; deal to sell South-East Asian assets called off

In January, the company had signed an agreement with HIBS Group to divest 70 percent in the assets.

D-Street Buzz: Over 200 stocks hit 52-week low on BSE including Maruti, Hero Moto; ICICI Bank spikes

The top losers from the auto space are Tata Motors and Tata Motors DVR which tanked over 5 percent each followed by Bajaj Auto, Hero MotoCorp, Maruti Suzuki, Motherson Sumi Systems, TVS Motor Company, Eicher Motors and Ashok Leyland.

Steel demand in India to grow by 7% in FY20, says Tata Steel Chairman N Chandrasekaran

N Chandrasekaran says focus in Europe is to generate positive cash flow