Firm demand, prices to fire up Tata Steel
Business

Firm demand, prices to fire up Tata Steel

By Dan Neff

Despite failing to surprise the street, the stock closed 1.83% higher on Friday, thanks to a strong management commentary on the call with the analysts.

Synopsis

Tata Steel didn’t exactly enjoy a blistering Indian summer in Europe through the three months to June, but the robustness of home demand and buoyancy in exports added sufficient lustre to its bottom-line performance through a period of episodic lockdowns and

ET Intelligence Group: Tata Steel didn’t exactly enjoy a blistering Indian summer in Europe through the three months to June, but the robustness of home demand and buoyancy in exports added sufficient lustre to its bottom-line performance through a period of episodic lockdowns and operational curbs.

Profits exceeded estimates, albeit marginally, as Europe failed to fire on all cylinders, but the outlook remains bright for Asia’s oldest

BY

ET Bureau

3 mins read, Last Updated:

  • GIFT ARTICLE
  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

FREEDOM OFFER

Get Flat 25% Off

ON ET PRIME MEMBERSHIP

Get Offer

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.

Dan Neff