Tata Steel shares drop 4% after Q4 earnings report
pre-market1 source ↓written by the desknot a recommendation
- to an intraday
- 3.7%
- rise in Q4
- 147% YoY
- to ₹63
- 13%
Shares of Tata Steel fell 3.7% to an intraday low of ₹209 on the NSE after reporting a 147% YoY rise in Q4 net profit to ₹2,965 cr. Revenue increased 13% to ₹63,270 cr. However, JPMorgan downgraded the stock to ‘Neutral’, impacting market sentiment.
Not investment advice. For informational purposes only.