Tata Steel Ltd

(TATASTEEL)

Tata Steel Reviews Business Strategy Amid Market Gains - 18 Nov, 2024

Tata Steel is reviewing its new material businesses for scalability while experiencing a rise in share price and market capitalization. The company is also transitioning to electric arc furnaces to reduce emissions.

Axis Securities Recommends Buy on Tata Steel - 17 Nov, 2024

Axis Securities has issued a BUY recommendation for Tata Steel, setting a target price of Rs 175, anticipating a 16% return. The company reported strong second-quarter performance, with better-than-expected revenue and EBITDA, despite a decline in the European market. Profits increased due to reduced expenses.

Tata Steel Plans Expansion to 40-mtpa Capacity - 16 Nov, 2024

Tata Steel aims to increase its production capacity from 30-mtpa to 40-mtpa, having recently commissioned a 5-mtpa blast furnace at Kalinganagar. Further expansions are planned at Kalinganagar, Neelanchal, and Angul, with preliminary studies underway.

Tata Steel Publishes First Ferrochrome EPD in India - 15 Nov, 2024

Tata Steel's Ferro Alloys and Minerals Division has published India's first Environmental Product Declaration for ferrochrome, showcasing its commitment to sustainability and environmental transparency. This initiative supports customers in making informed, sustainable choices and aligns with global environmental standards.

Sol Campbell Named Ambassador for Tata Steel Race - 14 Nov, 2024

Sol Campbell, former English Premier League footballer, has been appointed as the international ambassador for the Tata Steel World 25K race in Kolkata, scheduled for December 15. This event is notable for being the world's first World Athletic Gold Label Race.

Tata Steel Shares Decline, Market Cap Drops - 13 Nov, 2024

Tata Steel's stock fell by 3.57%, closing at ₹139.03, resulting in a market cap decline of ₹6,416 crore. The stock's performance reflects negative market sentiment.

Tata Steel Faces Earnings Downgrades Amid Strategic Developments - 11 Nov, 2024

Tata Steel is navigating challenges with over half of Nifty Metal companies facing earnings downgrades for FY25. The company is also appealing a Supreme Court ruling on mining cess while discussing potential impacts of China's steel export reductions.

Tata Steel Reports Profit Amid Revenue Challenges - 08 Nov, 2024

Tata Steel reported a net profit of Rs 833 crore for Q2, recovering from a loss last year. However, analysts lowered revenue estimates and target price to Rs 160 due to ongoing challenges in the market.

Tata Steel Reports Strong Q2 Earnings Amid Challenges - 07 Nov, 2024

Tata Steel's Q2 results show a net profit of Rs 833 crore, reversing last year's loss. Analysts maintain positive outlooks with target prices of Rs 175 and Rs 195. However, the MD cautions about expansion challenges if steel prices remain low.

Tata Steel Reports Strong Q2 Profit Recovery - 06 Nov, 2024

Tata Steel posted a net profit of Rs 759 crore for Q2 FY25, rebounding from a significant loss last year. Despite revenue decline, operational efficiency improved, with EBITDA rising to Rs 6,224 crore. The company continues to face challenges from global pricing pressures and ongoing restructuring in the UK.

Tata Steel Anticipates Loss Amid Price Declines - 05 Nov, 2024

Tata Steel is projected to post a net loss of ₹153 crore for Q2 FY25, impacted by declining price realizations. Despite this, the stock showed resilience, bouncing back from support levels.

Tata Steel Faces Losses and Market Cap Decline - 04 Nov, 2024

Tata Steel is projected to report a net loss of up to Rs 153 crore for Q2FY25, with shares falling 2.15%, leading to a market cap loss of ₹3,160 crores. The decline reflects ongoing pressures in the steel sector due to global economic conditions.

Tata Steel Prepares for Q2 Results Announcement - 03 Nov, 2024

Tata Steel's market capitalization is Rs 1,90,811 crore, with shares currently at Rs 166.98. The company will announce Q2 results on November 6, 2024, and DAM Capital has initiated a BUY rating with a target of Rs 185, indicating potential returns of over 20%.

Tata Steel Q2FY25 Results Announcement - 02 Nov, 2024

Tata Steel Ltd will announce its Q2FY25 results on November 6. The company reported a 9% decline in total income for Q1FY25, despite a 75% increase in net profit compared to Q1FY24.

Tata Steel Shares Show Slight Increase During Muhurat Trading - 01 Nov, 2024

During Muhurat trading, Tata Steel shares rose by 0.77% to Rs 149.80. Despite a long-term decline, strong support is noted at Rs 142, with potential pullback targets of Rs 157 to 160.

DAM Capital Initiates Buy Rating on Tata Steel - 31 Oct, 2024

DAM Capital has given Tata Steel a BUY rating with a target price of Rs 185, indicating a potential return of 24% from the current market price of Rs 148.85.

MEP Secures Major Contract with Tata Steel - 29 Oct, 2024

Modern Engineering and Projects Limited has been awarded a ₹61.02 crore contract by Tata Steel for constructing a boundary wall in Odisha. The project, expected to be completed by October 31, 2027, strengthens MEP's presence in India's infrastructure sector and highlights its growing relationship with Tata Steel.

Linde Expands Supply Agreements with Tata Steel - 24 Oct, 2024

Linde has signed agreements for two new air separation units and extended its supply of industrial gases to Tata Steel in Odisha, India. This expansion will more than double Linde's on-site capacity and support Tata Steel's major capacity expansion project while also addressing local market demand. The agreements include a commitment to supply renewable energy, aligning with Linde's emissions reduction targets.

Tata Steel Signs Contract Amid Price Concerns - 22 Oct, 2024

Tata Steel has signed a contract for an electric arc furnace in the UK, while analysts caution that the stock may drop to Rs 140 if it falls below Rs 149 support level.

Tata Steel Signs Major Green Steelmaking Contract - 21 Oct, 2024

Tata Steel UK has entered a significant agreement with Tenova to implement a state-of-the-art electric arc furnace at its Port Talbot site, aiming for a 90% reduction in carbon emissions by 2027. This partnership is part of a GBP 1.25 billion joint investment with the British government, enhancing sustainable steel production in the UK.