Tata Steel Q2 preview: Analysts expect weak set of numbers
The ET Now poll suggests that the revenue at the company is expected to inch lower by 14% from Rs 63,430 crore in the quarter-ended June to Rs 54,298 crore during the period under review. Similarly, profit after tax at the steel major is seen to take a major hit by over 62% to Rs 2,932 crore from Rs 7,764 crore.
Tata Steel merger: Is it good for parent company and bad for subsidiaries?
While analysts say the simplification and unification of the group's metals and mining businesses into a large-sized single entity will drive efficiency and cost reduction, investors of only Tata Steel appear to be happy about the proposed merger.
Tata group mergers to help with cost saving; swap ratio fair to shareholders: Amit Dixit
“Tata Steel has long had a roadmap to build a very meaningful long portfolio and the acquisition of NINL and its endeavours around that are a manifestation in that direction. With Tata Steel Long Products coming in the ambit of Tata Steel, their long products would get one strategic direction.”
In line with group level 5S strategy – simplification, synergy, scale, sustainability, and speed – proposed Scheme will simplify group holding structure, improve agility to enable quicker decision making, eliminate administrative duplications, consequently reducing administrative costs of maintaining separate entities, Tata Steel said.
Mega Merger: 7 metal companies of Tata Group to be merged with Tata Steel
The board of Tata Steel has approved the amalgamation of 7 of its subsidiaries - Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining into and with its parent company Tata Steel.
Hot Stocks | Here's why you should bet on Balrampur Chini, Tinplate Company, HDFC Life Insurance for short term?
Since last one month, Tinplate Company of India has made nice base near Rs 300 levels. Recently on daily scale, the stock confirmed a Bullish Inverted Hammer candlestick pattern exactly at the mentioned historical support and that is adding more confirmation of further upside in the counter.
Steel export duty dilemma: Sell at a loss or lose customers, says JSW Steel's Seshagiri Rao
The Indian government levied a 15% export duty on steel 21 May in a bid to increase supply for domestic consumer industries and tame inflation. A steep export duty was also levied on iron ore while import duties were cut on inputs like coal to reduce the cost of production for steelmakers.
Stocks in the news: RIL, Paytm, Titan, HCL Tech, Tata Motors and HAL
HCL Tech, Tinplate Company, Onward Technologies, Swasti Vinayaka Synthetics, International Travel House and Gujarat Hotels are among the companies that will announce their December quarter results today.
Stocks in the news: PB Fintech, Sigachi, Yes Bank, ONGC, Nykaa and Vodafone
Rajesh Exports, Tinplate Company of India, Jai Balaji Industries, East India Securities, Prabhat Technologies Inida, PG Foils and Aditya Birla Money are among the companies that will announce their September quarter results today.