Thursday, August 27, 2009

Tata Steel Q1 group Loss At Rs22.1bn

. Thursday, August 27, 2009

By stockOzone team

Tata Steel group posted a loss of Rs22.1bn in the Q1 as against Rs39bn profit in the same period last year.

Group sales were at Rs231.8bn as against Rs422.7bn a decline of 46.5% YoY.

Other income was at Rs2.04bn versus Rs526.9mn in the corresponding year.

Shares of Tata Steel have lost by over 3.5% to Rs445. The stock opened at Rs456 and made an intra-day high of Rs459 and a low of Rs441. Total traded volumes stood at 2.6mn shares.

Disclosure: Author does not own any of the stocks discussed here.

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