Apart from Tata Steel’s impressive provisional volume numbers for the September quarter, the rising demand and steel prices also point to an improving business outlook. Being an integrated steel producer, the company largely remains insulated from rising prices of key raw materials like iron ore.
It is not surprising that the stock is amongst the top picks of foreign brokerages who see further improvement in volumes and profits led by Tata Steel's Indian operations. During Q2, Tata Steel not only achieved its highest-ever domestic deliveries of 5.05 million tonnes (MT), ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU