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TATASTEEL Share Price Discussion

Tata Steel Ltd.
Sector: Iron and Steel
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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.
NEWS AND PIC CREDIT - MINT AND REUTER
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AMIT KONAR
Proprietor
KONAR TRADE TALK ™
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Recent posts in TATASTEEL

BTST TATASTEEL CMP 403 SL 394 TGT 415
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#Hansraj pandey in TATASTEEL
BUY TATA STEEL FUT ABOVE 405.65 ( AVERAGE AROUN...

Close on cost price Tatasteel
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BUY TATASTEEL CMP 403-402 SL 379 TGT 413-427-440 ADD MORE IF YOU GET 390 SAFE PLAYER DO IN CASH
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But tata Steel @ 406 tgt 410, 416 sl 400
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BUY TATA STEEL FUT ABOVE 405.65 ( AVERAGE AROUND 400-399) SL BELOW 398 TGT 407-411.10-415
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Shardia in TATASTEEL
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safe exit near cost tatasteel
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