Tata Steel's net profit for the second quarter increased 15.4% to Rs. 1558.7 crore compared to the same period last year. Net sales rose 8.42% to Rs. 99210.40 crore while net profit grew 15.39% and the net profit margin improved to 15.71%. The company's stock price at the BSE closed 4.58% higher than the previous day's close.
Tracing the firm global cues, bulls kick started the day northwards on D-Street. Sentiment remained upbeat as World Bank stated that Indian economy has come back on growth track and is likely to grow by 5.6% in FY15. Benchmarks climbed 0.45% to end day near intraday highs ahead of a crucial 2-day Fed meet about the wrapping up of the bond buying program and interest rate direction.
1. Tata Steel's Q2 Net shines 15.4% to Rs 1558.7 crore
Tata Steel Ltd | Quarterly Result as on 30-Sep-2013 | 14-Nov-2013
For the period, the Tata Steel Ltd reported Net Sales of Rs 99210.40 million and Net Profit of Rs 15586.70 million. While Net Sales rose by
8.42%, Net Profit grown by 15.39% and thereby NPM improved to 15.71% as compared to 14.76% during same period previous FY Equity
.
Capital for the period under consideration has increased by 0.00% and stands at Rs 9714.10 million. EPS as on 30-Sep-2013 stands at Rs
15.59 viz-a-viz Rs 13.43 as on 30-Sep-2012.
The stock of the Tata Steel Ltd at BSE opened at 368.00 touched a high 376.50 and low 359.00 before closing at 375.30 gaining 4.58% over
previous close. The trading volume for the stock at BSE stood at 2831140 shares and at NSE stood at 16785986 shares.
BSE
NSE
The stock shares 1.42% weight in S&P BSE Sensex. The S&P BSE Sensex closed today at 20399.42 (1.02% gain) and CNX Nifty closed at
6056.15 (1.11% gain).
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