Steel Alert: Not Vedanta, But This Tata Stock Hits New 52-Week Low; Do You Own?

Tata Steel shares tanked nearly 7.7% today as the Black Monday market crash sent panic across investors on April 7. Shares of the Indian steel makers hit their lower circuit mark on Monday after its weak Q4 update.

Tata Steel reported a sequential decline in its crude steel production to 5.51 million tons due to the relining underway at the "G" blast furnace in Jamshedpur. However, the Tata Group subsidiary's crude oil production increased annually by 5% YoY to around 21.8 million tons. The increase came upon the commissioning of India's largest blast furnace at Kalinganagar and higher steel production at Neelachal Ispat Nigam Limited.

Tata Steel Stock Price Movement

Tata Steel Stock witnessed declined nearly 7.7% on BSE on Monday. The company scrip closed at Rs 10.85 per share, down to Rs 129.6 apiece on BSE on Monday. The stock has declined nearly 6.84% year to dat (YTD) and nearly 9.76% in nine months. Its market capitalisation stood at Rs 1,61,785.42 crore on BSE today.

Vedanta Share Price Today

Shares of Vedanta declined nearly 6.9% to Rs 373.9 per share on BSE on Monday. The company scrip. The company scrip hit its 52-week-low mark of Rs 306 per share on BSE on 5 April, 2024. Whereas, its stock hit a 52-week high mark of Rs 527 apiece on BSE on 16 December, 2024. On Monday, the Vedanta shares witnessed a spurt in trading volume by more than 4.83 times on BSE today.

Tata Steel Reports Sequential Decline in Steel Production in Q4 Update

The subsidiary of the 'Oil-to-OTT' conglomerate reported an annual increase in its crude steel production however there was a sequential decline in its steel production due to relining at a blast furnace in Jamshedpur.

"Tata Steel India FY2025 crude steel production increased by 5% YoY to around 21.8 million tons, upon commissioning of India's largest blast furnace at Kalinganagar and higher steel production at Neelachal Ispat Nigam Limited. In 4QFY25, crude steel production was 5.51 million tons and lower on QoQ basis due to the relining underway at "G" blast furnace in Jamshedpur," said the company in its BSE filing on Monday.

Despite a nominal sequential decline in crude steel production, the company reported its best order delivery in the March quarter. Its India deliveries jumped 6% quarter on quarter to 5.6 million supported by 'best ever' volumes aided by higher growth in domestic deliveries of around 9% QoQ.

"Tata Steel India deliveries increased in line with production and surpassed the previous best recorded in FY2024. Domestic deliveries rose 4.4% YoY to 19.7 million tons leveraging India steel demand growth. During the quarter, India deliveries rose 6% QoQ to 5.6 million tons and were the 'best ever' volumes aided by higher growth in domestic deliveries of around 9% QoQ," the company added in its BSE filing.

Tata Steel witnessed a nominal increase in the profitability of Automotive & Special Products' (A&SP) and Industrial Products & Projects' (IPP) verticals. However, there was a 7% YoY increase in its profit in the 'Branded Products & Retail' (BPR) vertical as deliveries increased to 7 million tons aided by the performance of well-established brands.

"Tata Tiscon (Retail brand) achieved 'best ever' annual deliveries of ~2.4 mn tons while our hot rolled & cold rolled brands for SMEs (Tata Astrum & Tata Steelium) together registered 'best ever' annual deliveries of ~3.8 mn tons." Tata Steel Aashiyana, an e-commerce platform for individual home builders witnessed a 60% annual growth to Rs 3,550 crores due to enhanced reach and strategic initiatives.