Top Loser on Nifty, Tata Steel share price down over 4% today, What Anand Rathi suggests stock investors
Anand Rathi said that Tata Steel consolidated revenue for 4QFY21, increased by 19% QoQ and 39% YoY to Rs 499.8 billion. EBITDA grew by about 48% QoQ and 204.9% YoY to Rs 141.8 billion with strong underlying performance in both India and Europe. India operations, which include standalone Tata Steel BSL and Tata Steel Long Products, generated revenues of ₹ 301 billion, which translated to a 19% QoQ and 54% YoY growth
Anand Rathi said that during the quarter, Tata Steel achieved best-ever quarterly crude steel production of 4.75 million tons in India: Reuters