Monday 9 February 2015

Tata Steel slips 3%

The stock has hit a high of Rs. 361.35 and a low of Rs. 355.10











Tata Steel started the day on a weak note, with a loss of 3 per cent at Rs. 358 after the company reported 68.8 per cent drop in Q3 net profit on year-on-year basis.

The company recorded consolidated net profit of Rs. 157 crore for Q3FY15, as against Rs. 503 crore for Q3FY14. Total income was down 8.2 per cent to Rs. 33,752 crore from Rs. 36,754 crore

The stock so far has tumbled 3.8 per cent to touch a low at Rs. 355. Now, the stock is down 2.5% at Rs. 360.35.

The BSE counter has registered trades of around 187,000 shares, when compared with two-week daily average volume of 844,000 shares.

Meanwhile, the Sensex has slumped 284 points at 28,434 

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