Tata Steel share price is in focus as the steel major is set to announce its Q3FY25 results today (January 27). The steel giant, part of the Tata Group, has a dominant position in India’s iron and steel manufacturing sector. The share price of Tata Steel on Monday opened at Rs 129.02 apiece. As of the early trading hours, Tata steel share price is trading at Rs 128.24 apiece, down by 1.18%.
4 things to know about Tata Steel shares ahead of Q3 earnings
Ahead of the announcement of Tata Steel’s Q3 FY25 results, here is a look at the latest updates and market performance of the steel giant.
Stock performance: Tata Steel Vs Nifty 50
Tata Steel share price is under pressure. It has fallen 2.52% in the past 5 days, 7.40% over the last month, and a whopping 21.02% over the past six months. Over the past year, the share price of Tata Motors has dropped by 4.71%. Compared to its 52-week high of Rs 184.60, the stock is about 30% lower, and it is only 5% above its 52-week low of Rs 122.62. The company’s market capitalisation stands at Rs 1.60 lakh crore.
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On the other hand, the Nifty 50 index, which tracks the top 50 companies on the NSE, has also seen some turbulence. It is currently down by 0.48% today and has lost 1.87% in the past five days. The index has dropped 7.48% over the last six months but has seen a positive shift of 5.70% over the past year.
Tata Steel Q3FY25 results announcement: Date and details
Tata Steel, in an exchange filing on January 17, has announced that its board of directors will meet on Monday, January 27, 2025, to review and approve the company’s financial results for the October-December 2024 quarter and the nine months ending December 31, 2024. The results will include both audited Standalone and unaudited Consolidated Financial Statements.
“Further, in accordance with the Company’s Code for Prevention of Insider Trading, the Trading Window for dealing in the Company’s securities was closed from Wednesday, December 25, 2024, and will open 48 hours after declaration of the said results,” added the company in the regulatory filing.
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