Tata Steel shares rise 2% despite 92% fall in Q1 profit; here’s why
The share price of the steel major rebounded 2.5% to ₹118.40, after falling nearly 1% in opening trade on the BSE.
The share price of the steel major rebounded 2.5% to ₹118.40, after falling nearly 1% in opening trade on the BSE.
The steel major posted a consolidated net loss of ₹2,223.84 crore for Q3 FY23, against a profit of ₹9,572.67 crore in the same quarter last year.
Tata Steel stock price jumps nearly 3% as the steel maker shared plans to invest ₹12,000 crore on its operations in India and Europe during the current financial year.