Tata steel share down 3 percent today after negative 90 percent dip profit on Sept quarter – Business News India

Tata Group Stock: Tata Steel shares fell 3 per cent on Tuesday's trading day. The company's shares had reached Rs 98 in early trade. However, there was some recovery later and the

stock closed at Rs 101.20 on BSE at the end of trading. This fall in the shares was seen after the quarterly results. In fact, Tata Steel's consolidated profit fell 90 per cent to

Rs 1,297 crore in the September quarter. The Tata group firm had reported a profit of Rs 12,547.70 crore in the same quarter last year. Company's income also decreasedTata Steel's

total income stood at Rs 60,206.78 crore in the September quarter. It was Rs 60,657.98 crore in the same period a year ago. The company's total expenses for the quarter increased

to Rs 57,684.09 crore. It was Rs 47,239.63 crore in the second quarter of the financial year 2021-22. Also read- Nykaa made profit of ₹ 5.2 crore, revenue increased by 39%,

buying of shares is going on after breaking 60% share of tata steelShares of Tata Steel fell 3.34 per cent to a low of Rs 98.15 on the BSE in early trade today. With

this, the stock has declined 13 per cent year-on-year so far. The stock has lost nearly 26% in the last six months.