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Tata Steel Long Products rises as its consolidated net loss narrows to Rs 460.23 crore in Q2
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Tata Steel Long Products is currently trading at Rs. 805.00, up by 12.45 points or 1.57% from its previous closing of Rs. 792.55 on the BSE.
The scrip opened at Rs. 776.70 and has touched a high and low of Rs. 807.90 and Rs. 776.70 respectively. So far 2932 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 861.25 on 15-Sep-2023 and a 52 week low of Rs. 600.00 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 810.55 and Rs. 775.25 respectively. The current market cap of the company is Rs. 3629.87 crore.
The promoters holding in the company stood at 74.91%, while Institutions and Non-Institutions held 5.84% and 19.25% respectively.
Tata Steel Long Products has reported results for second quarter ended September 30, 2023 (Q2FY24).
The company has reported net loss at Rs 135.76 crore for the quarter under review as compared to net loss of Rs 333.36 crore for the same quarter in the previous year. Total income of the company decreased by 7.89% at Rs 1915.36 crore for Q2FY24 as compared Rs 2079.36 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net loss at Rs 460.23 crore for the quarter ended September 30, 2023 as compared to net loss of Rs 661.80 crore for the same quarter in the previous year. However, total income of the company increased by 56.45% at Rs 3005.46 crore for Q2FY24 as compared Rs 1921.01 crore for the corresponding quarter previous year.
