Stocks to watch today: Infosys, Reliance, ONGC, Tata Steel, HDFC Life and more
Bajaj Auto, Shree Cements, Federal Bank, Tata Elxsi, and Oberoi Realty will be in the spotlight, as they disclose their September quarter profits today.
Stay updated with the latest news and articles about Tata Steel.
Bajaj Auto, Shree Cements, Federal Bank, Tata Elxsi, and Oberoi Realty will be in the spotlight, as they disclose their September quarter profits today.
On the F&O ban list for Wednesday are Delta Corp, RBL Bank, PVR, India Cements, and Escorts Kubota. As to the NSE, these stocks would be prohibited from trading in the F&O segment since they have exceeded 95% of the MWPL.
Stocks to keep an eye on today include shares of companies like Amilnad Mercantile Bank, Tata Steel, GSK, Vedanta, and others.
In the April-June quarter of the fiscal year 2021–2023, Tata Steel reported a consolidated profit of Rs 7,764.96 crore, down approximately 13% year over year (YoY), and consolidated revenue of Rs 63,430 crore, up 18.6% YoY.
The benchmarks for Indian equities opened higher on Monday, continuing their fourth straight session of gains.
Tata Steel is India’s massive producer of energy and it is looking for replacing Russian coal imports to meet the energy demand in both India and Europe.
Tata Steel Long Products became the winner of the bidding process to acquire Neelachal Ispat Nigam Limited.
On Friday, before the results, Tata Steel shares shut at 0.67% higher to sit at ₹1,174 apiece on NSE.
Medica TS Hospital Pvt Ltd is a joint venture company between Tata Steel & Medica Hospitals Private Limited.
Tata Steel Limited, with revenues of US$ 22.67 billion in FY 2019, is a leading global steel company with an annual steel production capacity of 33 MnTPA.
The company's India crude steel production rose 2% at 4.73 million tonnes as against 4.63 million tonnes during the previous quarter (Q1FY22).
Indian indices look on a positive territory with regular foreign capital inflows & strong domestic data.
"Tata Steel plans to invest Rs 3,000 crore in the next three years in Jharkhand with the expansion of capacities of coal and iron ore mines and downstream value-added steel portfolio," Chanakya Choudhary, Vice President - Corporate Services at Tata Steel, told PTI. Choudhary averred Tata Steel was in Jharkhand for the past 114 years and it was home to the steel company.
The company with its larger sustainability objective aims to reduce greenhouse gas emissions in the supply chain, Tata Steel said in the statement.
According to analysts at Edelweiss Securities, an increase in interest rates, taper tantrums in the US, and concerns around inflation pose key macro risks for the metal and mining sector.
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