Tata Steel shares hit 52-week high post Q4 results

Published On: Friday, May 7, 2021 | By: Team KnowMyStock

Shares of Tata Steel gained higher by 8.5 percent to Rs 1,191, their fresh record high on the BSE, in intra-day trade on Friday after the company reported its best-ever performance across metrics. The company on May 5 posted a consolidated profit of Rs 6,644.1 crore for the quarter ended March 2021 compared to a loss of Rs 1,481.3 crore in the year-ago quarter. Consolidated revenue from operations stood at Rs 49,977.4 crore, up 38.8 percent over Rs 36,009.4 crore in the corresponding quarter of the previous fiscal. Tata Steel’s consolidated EBITDA for Q4FY21 came in at Rs 14,184 crore, up 48 percent quarter-on-quarter (QoQ) and 196 percent YoY. Tata Steel's standalone operations reported EBITDA/tonne of Rs 27,775/tonne while the European operations reported. With the past two days' gain, Tata Steel has now rallied 97 percent since the Finance minister presented the Union Budget 2021-22 on February 1.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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