Tata Steel Declines 5 Per cent on Poor Q4 Numbers

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Shares of the Tata Steel was seen trading lower on Thursday after the company posted poor Q4 numbers due to low demand.

    The Indian steel industry witnessed subdued demand across steel-consuming industries.

    Tata Steel Declines 5 Per cent on Poor Q4 Numbers
    Tata Steel: Quotes, News
    BSE 588.65BSE Quote0.3 (-0.05%)
    NSE 589.35NSE Quote0.25 (0.04%)

    There was a surge in low priced imports especially from China, Japan and Korea, which led to a sharp correction in steel prices especially during the last few months of the year, the company said in the press release.

    The company reported a loss of Rs 5,670 crore against a net profit of Rs 1035 crore, in the same quarter of last fiscal.

    The Board of Directors of the Company has recommended an equity dividend of ₹8 per share for FY'15.

    Shares were seen trading lower by 5 per cent at Rs 343 on BSE at 11.10 AM IST.

    GoodReturns.in

    Read more about: tata steel
    Story first published: Thursday, May 21, 2015, 11:20 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more