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TATASTEEL Share Price Discussion

Tata Steel Ltd.
Sector: Iron and Steel
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TATASTEEL Share Price *
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TATASTEEL - 304121
💠💠 With global steel prices nosediving while production costs rise, Tata Steel, the country’s largest private steel maker, reported net profit of ₹702 crore in the June 2019 quarter, falling 63% year-on-year. The company had reported consolidated net profit of ₹1934 crore in the year-ago period.
Poor industrial sentiment overseas and with Tata Steel recently announcing its failure to sell its European assets weighed down on earnings. Consolidated revenue from operations remained flat in the quarter, at ₹35,382.16 crore.
For India, the company reported standalone net profit of ₹1567 crore, 15% lower than the ₹1856 crore it reported last year. “In India, steel prices declined as subdued economic activity, seasonal slowdown and liquidity issues weighed on domestic consumption. Higher net imports further exacerbated the demand supply balance," the company said in a press release.
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AMIT KONAR
Proprietor
KONAR TRADE TALK ™
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Recent posts in TATASTEEL

BUY CRUDE 3941 SL 3921 TGT 3989
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TATASTEEL CMP -359 can go long at 345-350 price band for Target 380-410-440...strict SL below 345 as per risk apetite
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Levels for TATASTEEL
Level 1- Buy abv 362 for 362 366 368
Level 2 -Sell blw 358 for 356 354 352
Sl 4 points for both
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An evening walk down Dalal Street: Delayed US tariffs lift market sentiments
The breadth of the market also improved as 1,319 stocks logged gains against 1,156 that suffered losses. As many as 140 stocks remained unchanged
moneycontrol.com
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BTST TATASTEEL 360CE @ 13.00 NOW
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Ashish Tiwari
Buy Tata Steel @ 364 sl 360

High made 367 keep booking profit
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