Tata Steel surges over 30% in 6 days

Mumbai: Shares of Tata Steel have seen a sharp surge in the past six days following a healthy result for the quarter ended June 2013. The company's net profit surged 90.5 per cent to over
tata steel surges over 30 in 6 days - India TV
India TV Business Desk 14 Aug 2013, 10:35 AM IST
Mumbai: Shares of Tata Steel have seen a sharp surge in the past six days following a healthy result for the quarter ended June 2013. The company's net profit surged 90.5 per cent to over Rs 1,100 crore for the quarter ended June 2013 as compared to a net profit of Rs 598 crore in the corresponding quarter last fiscal.



The company's EBITDA/tonne of Steel in India was at $258/tonne and for Europe it was at $43/tonne.

Stock of Tata Steel climbed 6.45% to Rs 256.70 in early trade on Wednesday.

The steel major's margin also rose to 11.5 per cent as against 10.6 per cent in the same period a year ago.
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