TATASTEEL.NS - Tata Steel Limited
| Previous close | 107.05 |
| Open | 106.40 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 105.60 - 106.95 |
| 52-week range | 82.70 - 124.30 |
| Volume | |
| Avg. volume | 36,227,396 |
| Market cap | 1.293T |
| Beta (5Y monthly) | 1.19 |
| PE ratio (TTM) | 14.76 |
| EPS (TTM) | 7.17 |
| Earnings date | 24 Jul 2023 - 28 Jul 2023 |
| Forward dividend & yield | 3.60 (3.32%) |
| Ex-dividend date | 22 Jun 2023 |
| 1y target est | N/A |
ReutersIndia's Tata Steel CEO expects Europe ops to improve from July-Sept
Tata Steel expects its European operations to improve from the next quarter on the back of falling energy costs, its chief executive and managing director said on Thursday. "Europe is still struggling but things are getting better because energy prices have come down," T.V. Narendran told Reuters in an interview. "So costs are coming down, not yet realised in our bottomline because we have some hedges on gas prices, which will play out over the next quarter or two."
- Oilprice.com
India’s Steel Industry Is Set To Boom This Year
Indian steel production is expected to increase throughout 2023 due to strong demand supported by the Indian Government’s push for infrastructure-led economic growth.
The GuardianBritish Steel and Tata told to protect jobs until 2033 to unlock £600m funding
Grant Shapps tells Britain’s two largest steelmakers they must guarantee certain number of UK jobs
The GuardianUK offers £600m help to try to keep last steel plants going and save jobs
Jeremy Hunt expected to confirm support for British Steel and Tata to employ lower-emissions technology
ReutersMoody's says India a bright spot in global steel demand
Indian demand remains a bright spot in major steel markets as domestic consumption is seen growing at a "high single digit" rate over the next 12-15 months, a senior executive at Moody's Investors Service said on Monday. India, the world's second-largest crude steel producer, posted 11.4% growth in finished steel consumption during April-October to 65.5 million tonnes. "India remains the bright spot because the underlying steel demand still remains quite solid," Kaustubh Chaubal, a senior vice president at Moody's, told Reuters in an interview.
ReutersIndia's Tata Steel posts 87% profit plunge, misses estimates as prices drop
India's Tata Steel on Monday missed analysts' quarterly earnings estimates by a wide margin as profit slumped more than 87% due to a drop in steel prices amid a global economic slowdown. Concerns over slowdown in key economies, geopolitical issues and seasonal factors have led to a "volatile operating environment", Chief Executive Officer T.V. Narendran said. Tata Steel, established in 1907, reported a consolidated net profit of 15.14 billion Indian rupees ($182.87 million) for the three months to Sept. 30, compared with analysts' average estimate of 27.32 billion rupees, according to Refinitiv IBES data.
ReutersTata Steel's Dutch arm signs MOU to supply Ford with green steel
Tata Steel's Dutch arm plans to supply Ford plants in Europe with "green" steel after 2030, under a preliminary agreement reached by the two companies on Tuesday. Tata plans to start producing green steel - or steel made without using fossil fuels - in 2030 at its plant in Ijmuiden, Netherlands. Ford "wants to have a considerable amount of green steel, and ... we will take steps so that we will be able to deliver it," Hans van den Berg, chief executive of Tata Steel Nederland, said in an interview.
The GuardianRees-Mogg in talks with UK steelmakers as fears grow for thousands of jobs
Business secretary liaises with Tata Steel and Jingye Group over Port Talbot and Scunthorpe sites
The TelegraphOut of the furnace and into the fire for ailing steelmakers
Britain’s steel industry – the country’s manufacturing backbone – faces a reckoning as it attempts to play its role in tackling climate change.
The TelegraphTata threatens to shut Port Talbot steel works
Indian conglomerate Tata Group has threatened to shut Port Talbot steel works unless it is given a £1.5bn government lifeline to help reduce carbon emissions.
StockopediaTwo reasons why the market might be missing a trick with TATA Steel
Buying quality merchandise when it's on sale is a stock market strategy used by some of the greatest investors in the world - including Warren Buffett. After t...
The TelegraphWith the Tories in turmoil, steel helps Boris Johnson show his mettle
Boris Johnson’s move to extend tariffs on imported steel by two years — a probable breach of World Trade Organisation rules — was welcomed by protectionist MPs from both sides of the political aisle. Industry also predictably lauded the decision, saying it will be protected from artificially cheap imports.
StockopediaHow will a changing economic outlook affect shares in TATA Steel?
Shares in TATA Steel (NSI:TATASTEEL) are currently trading at ₹861.4 but a key question for investors is how geopolitical and economic uncertainty will affect...
ReutersExclusive-India's Tata Steel bought 75,000 tonnes of Russian coal in May - sources
NEW DELHI (Reuters) -India's top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing business with Russia. Tata Steel had said in April all its manufacturing sites in India, the UK and the Netherlands had sourced alternative supplies of raw materials to end its dependence on Russia, adding it was taking "a conscious decision to stop doing business with Russia."