Tata Steel Ltd is up for a third straight session today. The stock is quoting at Rs 144.88, up 1.47% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.57% on the day, quoting at 24282.7. The Sensex is at 80152.78, up 1.31%. Tata Steel Ltd has slipped around 3.01% in last one month. Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has slipped around 3.84% in last one month and is currently quoting at 8846.2, up 0.86% on the day. The volume in the stock stood at 204.55 lakh shares today, compared to the daily average of 406.26 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 144.2, up 0.87% on the day. Tata Steel Ltd is up 14.21% in last one year as compared to a 22.09% jump in NIFTY and a 27.43% jump in the Nifty Metal index.The PE of the stock is 10.94 based on TTM earnings ending September 24.Powered by Capital Market - Live

Tata Steel Ltd is down for a fifth straight session today. The stock is quoting at Rs 139.27, down 3.4% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Tata Steel Ltd has lost around 12.03% in last one month.Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has eased around 10.64% in last one month and is currently quoting at 9078.5, down 2.5% on the day. The volume in the stock stood at 316.24 lakh shares today, compared to the daily average of 360.18 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 139.28, down 3.45% on the day. Tata Steel Ltd jumped 12.27% in last one year as compared to a 20.25% rally in NIFTY and a 30.31% spurt in the Nifty Metal index.The PE of the stock is 11.05 based on TTM earnings ending September 24.Powered by Capital Market - Live

Total revenue from operations declined 3.19% year on year (YoY) to Rs 53,904.71 crore in the quarter ended 30 September 2024. Profit before exceptional items & tax stood at Rs 2,146.24 crore in Q2 of FY25 as compared with Rs 159.71 crore posted in same quarter last year. The company reported net exceptional profit of Rs 18.09 crore during the quarter. Reported EBITDA in second quarter of FY25 stood at Rs 6,224 crore, up 44.24% YoY. EBITDA margin was around 12% during the period under review. The company's consolidated crude steel production increased by 5% YoY to 5.28 million tons while Deliveries grew to 5.11 million tonne in Q2 FY25. The company has spent Rs 4,806 crore on capital expenditure during the quarter. In India, Tata Steel's revenues were at Rs 32,660 crores for the September 2024 quarter, registering a decline of 6.41% YoY. The crude steel production increased by 5% YoY to 5.28 million tons while Deliveries grew to 5.11 million tonne in Q2 FY25. EBITDA declined 0.68% YoY to Rs 6,912 crore during the period under review. For the quarter, UK revenues were '600 million and EBITDA loss stood at '147 million. Liquid steel production was 0.39 million tons while deliveries were 0.63 million tons. Netherlands revenues were '1,300 million and EBITDA for the quarter was '22 million. Liquid steel production was 1.66 million tons and deliveries were at 1.50 million tons, up YoY basis. T V Narendran, CEO & MD, said, 'Global operating environment remained complex, with key regions facing subdued growth. Macro-economic conditions in China continued to weigh on commodity prices including steel. In India, steel demand continued to improve but domestic prices were under pressure due to cheap imports. Despite this, Tata Steel has delivered broadly consistent performance. Among business verticals, automotive deliveries were aided by growth in hi-end products. Tata Tiscon achieved 'best ever 2Q' deliveries and was up 20% YoY. In September 2024, we successfully commissioned the 5 MTPA blast furnace at Kalinganagar. This coupled with the 2.2 MTPA CRM complex will further improve our product mix. 2Q also marked the closure of our blast furnaces in UK. We have signed the grant funding agreement with the UK government and are progressing on the proposed transition to green steel. We remain fully committed to supporting affected employees and have offered the best ever package of support in Tata Steel UK. In Netherlands, our deliveries stood at 1.5 million tons and subdued steel prices weighed on performance. We are undertaking pilot projects to avoid or convert captured carbon emissions. I am happy to share that we have achieved 20% diversity for the first time in India and have also been recognised by worldsteel for process safety management.' Koushik Chatterjee, executive director and CFO said: 'Tata Steel Consolidated revenues for the half year were Rs 1,08,676 crores and EBITDA was Rs 13,046 crores. Consolidated EBITDA margin witnessed an improvement of around 300 bps to 12%, aided by higher volumes in India and improved profitability at Netherlands. This was despite challenging operating environment across geographies. Our second blast furnace at Kalinganagar is ramping up well and associated facilities such as Continuous Annealing Line and Air Separation Unit will be commissioned in the later part of the year. Separately, we have placed equipment orders for our 0.85 MTPA Electric Arc Furnace plant in Ludhiana. Our performance in UK and Netherlands was adversely impacted by the compression in steel spreads. Further, UK was also weighed by the transitory nature of operations as the blast furnaces were safely decommissioned and steel stock was built up to operate downstream. We spent around Rs 8,583 crores on capital expenditure during the half year, mostly in India. Our net debt stands at Rs 88,817 crores and the group liquidity position remains strong at Rs 26,028 crores, with cash and cash equivalents of Rs 10,575 crores. We are focused on cost optimisation, operational improvements and working capital management to maximise cashflows. During our transition to green steel, we will operate our downstream operations by sourcing substrate. This will help us sustain our significant market presence across steel end use segments in UK. In Netherlands, we are engaged with the government on support for the decarbonisation of our operations.' Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 35 million tons per annum. Powered by Capital Market - Live

Net profit of Tata Steel reported to Rs 833.45 crore in the quarter ended September 2024 as against net loss of Rs 6196.24 crore during the previous quarter ended September 2023. Sales declined 2.94% to Rs 53489.73 crore in the quarter ended September 2024 as against Rs 55107.21 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales53489.7355107.21 -3 OPM %11.437.74 - PBDT4742.982639.56 80 PBT2146.24159.71 1244 NP833.45-6196.24 LP Powered by Capital Market - Live

The Board of Tata Steel at its meeting held on 06 November 2024 has appointed Pramod Agrawal (DIN: 00279727) as an Additional Director (Non-Executive, Independent) effective 06 November 2024 and as an Independent Director of the Company for a term of 5 years effective 06 November 2024 through 05 November 2029, subject to the approval of the shareholders of the Company.Powered by Capital Market - Live

Tata Steel will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live

Tata Steel Ltd is down for a fifth straight session today. The stock is quoting at Rs 159.44, down 2.99% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 24954.55. The Sensex is at 81485.85, up 0.54%.Tata Steel Ltd has added around 6.67% in last one month.Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has increased around 7.36% in last one month and is currently quoting at 9886.3, down 1.19% on the day. The volume in the stock stood at 554.27 lakh shares today, compared to the daily average of 552.7 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 160.14, down 3.23% on the day. Tata Steel Ltd jumped 28.74% in last one year as compared to a 27.89% rally in NIFTY and a 46.96% spurt in the Nifty Metal index.The PE of the stock is 12.52 based on TTM earnings ending June 24.Powered by Capital Market - Live

The equity benchmarks traded with minor gains in morning trade. The Nifty traded above the 25,000 mark. IT shares extended gains for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex added 146.11 points or 0.18% to 81,834.56. The Nifty 50 index added 8.90 points or 0.04% to 25,023.50. The broader market underperformed the frontline indices, the S&P BSE Mid-Cap index fell 1.15% and the S&P BSE Small-Cap index slipped 2.11%. The market breadth was weak. On the BSE, 870 shares rose and 2,840 shares fell. A total of 159 shares were unchanged. Economy: According to the data released by the Reserve Bank of India (RBI) on Friday, India's forex reserves were at $704.89 billion, having risen by $12.6 billion in the week through Sept. 27 in their biggest weekly increase since mid-July 2023. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) were up by $10.4 billion to $616 billion. Gold reserves reported a surge of $2 billion to $65.7 billion. Meanwhile, SDRs for the week rose marginally by $8 million to stand at $18.547 billion. Reserve position in the IMF dipped by $71 million to $4.3 billion. Buzzing Index: The Nifty IT index rose 0.68% to 42,197.65. The index rallied 1.04% in two consecutive trading sessions. Mphasis (up 2.32%), LTIMindtree (up 2.32%), Persistent Systems (up 2.11%), Coforge (up 1.31%), Infosys (up 0.9%), HCL Technologies (up 0.64%), Tata Consultancy Services (up 0.59%), L&T Technology Services (up 0.42%), Wipro (up 0.39%) and Tech Mahindra (up 0.15%) advanced. Stocks in Spotlight: Tata Steel shed 0.90%. The companny said that in Q2 FY25, the crude steel production of India division stood at 5.27 million tons (up 5% YoY) and deliveries were 5.10 million tons (up 6% YoY). Avantel jumped 6.31% after the company reported 42.44% increase in consolidated net profit to Rs 22.89 crore in Q2 FY25 as compared with Rs 16.07 crore in Q2 FY24. The company's revenue from operations jumped 42.5% YoY to Rs 77.42 crore in Q2 FY25. Bandhan Bank added 0.45%. The company has reported 21.4% increase in loans & advances to Rs 1,30,652 crore for the three month period ended on 30 September 2024 from Rs 1,07,633 crore recorded during the same period last year.Powered by Capital Market - Live

On a sequential basis, while the steel production volume has remained flat, deliveries have increased by 3%. The 'automotive & special products' vertical deliveries for the quarter were marginally lower on YoY basis. 'Branded products & retail' vertical deliveries for the quarter rose 3% YoY driven by performance of well-established brands. 'Industrial products & projects' vertical deliveries for the quarter increased by 4% YoY, with strong growth across value accretive segments, especially engineering. Revenues from Tata Steel Aashiyana, an e-commerce platform for Individual Home Builders, were Rs. 1,263 crore. The growth of the platform was aided by various strategic initiatives including migration to inhouse transaction platform. In September 2024, Tata Steel India successfully commissioned India's largest blast furnace at Kalinganagar. With the ramp up of Kalinganagar facilities, India crude steel capacity will increase to 26.6 MTPA. For H1 FY25, crude steel production of Tata Steel India was 10.53 million tons (up 5% YoY) and added up to 10.04 million tons (up 4% YoY). Tata Steel Netherlands liquid steel production stood at 1.68 million tons, up 41% YoY. Deliveries at 1.57 million tons (up 28% YoY) include volumes to UK operations of around 0.19 million tons. Tata Steel UK liquid steel production stood at 0.38 million tons (down 50% YoY) while deliveries were around 0.64 million tons (down 12% YoY). Operations have ceased at the remaining blast furnace at Port Talbot paving the way for the next generation of green steelmaking. In Q2 FY25, Tata Steel Thailand has recorded production and deliveries of 0.30 million tons (up 7% YoY) and 0.28 million tons (flat on YoY basis), respectively. Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 35 million tons per annum. The steel major's consolidated net profit surged 51.37% to Rs 959.61 crore in Q1 FY25 as against Rs 633.95 crore reported in Q1 FY24. Total revenue from operations fell 7.93% year on year (YoY) to Rs 54,771.39 crore in the quarter ended 30 June 2024. The scrip rose 0.48% to currently trade at Rs 167.55 on the BSE. Powered by Capital Market - Live

Tata Steel Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 164.36, up 1.67% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 26094.2. The Sensex is at 85475.02, up 0.36%. Tata Steel Ltd has added around 6.24% in last one month. Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has added around 4.97% in last one month and is currently quoting at 9777.15, up 1.27% on the day. The volume in the stock stood at 472.6 lakh shares today, compared to the daily average of 413.25 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 164.9, up 1.9% on the day. Tata Steel Ltd is up 28.26% in last one year as compared to a 32.35% gain in NIFTY and a 46.1% gain in the Nifty Metal index.The PE of the stock is 12.32 based on TTM earnings ending June 24.Powered by Capital Market - Live