Tata Steel in action after quarterly results – Top gainer in the early trade on 30th June.

Tata Steel coming across quarterly results on 29th June 2020 posted a loss of Rs 1096 crore which was showing a profit in the same period in 2019, back then Tata Steel posted a profit of 2430 crore which has drastically declined in the current year due to the rise of COVID-19.

The pandemic has led to a nationwide lockdown and a complete downfall in the economy which resulted in lower results in the steel sector in the current year. The operating performance of the company showed a decline of nearly 20.4 percent year-on-year.

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After the Q4 results, on 30th June, Tata Steel topped the gainers in the opening index resulting in a rise of nearly 3% in the share prices. The company’s share price stood around 335.00 at 10:15 IST with a volume of 15.03 m. Tata Steel is in the top stocks to watch on 30th June with a positive action.