Latest news with #TataSteelLtd
Business Standard
9 hours ago
- Business
- Business Standard
Tata Steel Ltd soars 1.61%, Gains for third straight session
Tata Steel Ltd is quoting at Rs 161.8, up 1.61% on the day as on 12:49 IST on the NSE. The stock is up 6.5% in last one year as compared to a 1.14% gain in NIFTY and a 2.5% gain in the Nifty Metal index. Tata Steel Ltd is up for a third straight session in a row. The stock is quoting at Rs 161.8, up 1.61% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.29% on the day, quoting at 25052.35. The Sensex is at 81871.37, up 0.28%. Tata Steel Ltd has dropped around 0.75% in last one month. Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has dropped around 0.63% in last one month and is currently quoting at 9457.5, up 0.4% on the day. The volume in the stock stood at 180.86 lakh shares today, compared to the daily average of 219.21 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 162.6, up 1.99% on the day. Tata Steel Ltd is up 6.5% in last one year as compared to a 1.14% gain in NIFTY and a 2.5% gain in the Nifty Metal index. The PE of the stock is 13.4 based on TTM earnings ending June 25.
Business Standard
04-08-2025
- Business
- Business Standard
Quick Wrap: Nifty Metal Index rises 2.48%
Nifty Metal index closed up 2.48% at 9327.85 today. The index is down 3.00% over last one month. Among the constituents, Steel Authority of India Ltd gained 4.46%, Tata Steel Ltd jumped 4.28% and Jindal Steel & Power Ltd added 3.67%. The Nifty Metal index is up 0.00% over last one year compared to the 0.02% surge in benchmark Nifty 50 index. In other indices, Nifty Realty index added 1.77% and Nifty Auto index increased 1.61% on the day. In broad markets, the Nifty 50 witnessed a rise of 0.64% to close at 24722.75 while the SENSEX added 0.52% to close at 81018.72 today.
Business Standard
04-08-2025
- Business
- Business Standard
Lloyds Metals & Energy Ltd Surges 1.18%
Lloyds Metals & Energy Ltd has lost 5.59% over last one month compared to 4.34% fall in BSE Metal index and 3.2% drop in the SENSEX Lloyds Metals & Energy Ltd gained 1.18% today to trade at Rs 1462.65. The BSE Metal index is up 0.61% to quote at 30472.67. The index is down 4.34 % over last one month. Among the other constituents of the index, Jindal Steel & Power Ltd increased 1.04% and Tata Steel Ltd added 0.85% on the day. The BSE Metal index went down 4.48 % over last one year compared to the 0.27% fall in benchmark SENSEX. Lloyds Metals & Energy Ltd has lost 5.59% over last one month compared to 4.34% fall in BSE Metal index and 3.2% drop in the SENSEX. On the BSE, 390 shares were traded in the counter so far compared with average daily volumes of 23684 shares in the past one month. The stock hit a record high of Rs 1613.4 on 01 Jul 2025. The stock hit a 52-week low of Rs 704.75 on 06 Aug 2024.
Time of India
03-07-2025
- Business
- Time of India
Import duty hike shields Indian steelmakers as global sector faces turmoil: S&P
New Delhi: India's major steel producers are expected to record a 40 per cent increase in EBITDA in FY26, with the country's steel sector remaining relatively insulated from global tariff-related headwinds, according to S&P Global Ratings . S&P's latest report, titled 'India Steel Is Relatively Sheltered From The Tariff Storm,' notes that while the global steel sector is facing challenges from rising US-led tariffs and trade uncertainties, Indian steelmakers are set to benefit from strong domestic demand, higher spreads and recent import duty hikes. 'Growing domestic demand for steel will keep India's steel markets relatively insulated from the impact of rising U.S.-led tariffs in the sector,' said Anshuman Bharati, credit analyst, S&P Global Ratings. 'India steel will also benefit from higher spreads. Raw material costs are subdued and domestic steel prices are benefiting from safeguard duties.' S&P expects leverage, measured by debt-to-EBITDA, to improve from 3.5x as of March 31, 2025, to 2.4x by March 31, 2026. The forecasted level is below the industry's 10-year median of 3.0x. In contrast to India's outlook, the global steel sector is grappling with the impact of the US's 50 per cent import tariff on steel, which could stall business and infrastructure projects and lead to a supply glut in non-US markets. The potential for steel dumping in these regions remains a concern. India's import duty hike on steel in April 2025 has helped decouple domestic steel prices from the global trend, thereby improving profit margins for Indian producers. According to S&P, this move reduced exposure to international price volatility and the risk of market disruption. However, the agency cautioned that the price divergence may not continue if global steel prices decline significantly, as this could raise dumping risk and pressure domestic margins. 'This downside risk will be a key monitoring point for Indian steel names such as Tata Steel Ltd. (BBB/Stable/--),' the report stated. Despite global volatility, S&P projects continued margin resilience for Indian steelmakers, anchored by domestic demand and policy support.
Business Standard
26-06-2025
- Business
- Business Standard
Tata Steel Ltd spurts 0.86%, rises for fifth straight session
Tata Steel Ltd is quoting at Rs 157.74, up 0.86% on the day as on 12:44 IST on the NSE. The stock is down 9.43% in last one year as compared to a 5.65% spurt in NIFTY and a 3.72% spurt in the Nifty Metal. Tata Steel Ltd gained for a fifth straight session today. The stock is quoting at Rs 157.74, up 0.86% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25402.2. The Sensex is at 83287.99, up 0.64%. Tata Steel Ltd has slipped around 2.42% in last one month. Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has slipped around 1.17% in last one month and is currently quoting at 9329.2, up 0.8% on the day. The volume in the stock stood at 184.7 lakh shares today, compared to the daily average of 221.77 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 157.59, up 0.66% on the day. Tata Steel Ltd is down 9.43% in last one year as compared to a 5.65% spurt in NIFTY and a 3.72% spurt in the Nifty Metal index.
