Tata Steel declares Q3 numbers; stock up

TATASTEEL has touched an intraday high of Rs 178.80 and an intraday low of Rs 167.10. At 2:21 pm the share was quoting at Rs 175.60, up Rs 3.30, or 1.92%. The company has announced its third quarter numbers. Its Q3 standalone net profit was down by 56.37% at 466.24 crore from Rs 1068.58 crore. The company's standalone net sales also declined at Rs 4,735.68 crore from Rs 4,973.92 crore. Margins declined to 29.8% versus 40.2%, YoY. It has reported forex loss of Rs 126.8 crore versus gain of Rs 47.9 crore. Raw material cost has increased at Rs 1,611.2 crore from Rs 902.3 crore. Its sales volumes was lower than production at 1.07 million tonnes. Steel inventory increased to Rs 636 crore from Rs 61 crore, YoY. It was trading with volumes of 3,604,304 shares. Yesterday the share closed up 3.58% or Rs 5.95 at Rs 172.30. Share Price Movement During The Last 12 Months Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss 3-Days 179.20 175.60 -3.60 -2.01 5-Days 195.00 175.60 -19.40 -9.95 7-Days 195.00 175.60 -19.40 -9.95 15-Days 200.30 175.60 -24.70 -12.33 1-Month 214.80 175.60 -39.20 -18.25 3-Month 168.50 175.60 7.10 4.21 6-Month 603.95 175.60 -428.35 -70.92 9-Month 777.70 175.60 -602.10 -77.42 1-Year 698.40 175.60 -522.80 -74.86 Currently -81.02% below the 52-week high of 925.00 Currently 19.99% above the 52-week low of 146.35