Tata steel uk

NEW DELHI: Metal shares were trading with losses in Friday's session. Shares of Hindustan Copper (down 3.24 per cent) , Tata Steel (down 2.21 per cent) , JSW Steel (down 2.08 per cent) , NMDC Ltd (down 1.93 per cent) , Vedanta (down 1.74 per cent) , Hindalco Industries (down 1.49 per cent) , Welspun Corp (down 1.41 per cent) , Hindustan Zinc (down 1.4 per cent) , National Aluminium Company (down 1.09 per cent) , Ratnamani Metals & Tubes (down 0.39 per cent) and APL Apollo Tubes (down 0.33 per cent) were the top losers in the index. The Nifty Metal index was trading 1.2 per cent down at 2069.2 around 02:25PM. Benchmark NSE Nifty50 index was down 74.55 points at 10738.9, while the BSE Sensex was down 243.92 points at 36493.77. Among the 50 stocks in the Nifty index, 13 were trading in the green, while 37 were in the red. Shares of Vodafone Idea, Alok Industries, SBI, PNB, Suzlon Energy, Tata Motors, SAIL, YES Bank, Tata Power and IDFC First Bank Ltd. were among the most … [Read more...] about Share market update: Metal shares decline; Tata Steel dips 2%

Edelweiss has given a hold rating to Tata Steel with a target price of Rs 330. The share price moved down by 1.95 per cent from its previous close of Rs 344.40. The stock’s last traded price is Rs 337.70. Tata Steel’s (TSL) Q1FY21 operating performance was impacted by the ongoing covid-19 crisis. Profitable domestic segment fared worse compared to European operations (TSE). High exports are expected to impact blended realisation. Also, activity improved in June on easing of lockdown. Investment RationaleThe brokerage expects performance to improve as economic activity picks up. However, it perceives risk-reward balanced on high leverage and stretched valuations. Higher-than-expected federal support in Europe is a key risk in their view. The brokerage maintains ‘HOLD’ with TP of INR330, implying 7.0x FY22E EBITDA. Financials For the quarter ended 31-03-2020, the company has reported a Consolidated sales of Rs 33769.95 Crore, down -2.89 % from last quarter … [Read more...] about Hold Tata Steel, target price Rs 330: Edelweiss

Nifty futures on the Singapore Exchange traded 58.5 points, or 0.54 per cent lower at 10,776.50, in signs that Dalal Street was headed for a negative start on Friday. Here are a few stocks which may buzz the most in today's trade: Reliance Industries (RIL): Oil-to-telecom conglomerate Reliance Industries said the company along with energy major BP have started their new Indian fuels and mobility joint venture, Reliance BP Mobility Ltd (RBML). Tata Consultancy Services (TCS): TCS which kickstarted the June quarter earnings season on Thursday, said it felt the Covid-19 impact across business verticals, barring two -- lifesciences and healthcare. The IT behemoth reported a 13.81 per cent year-on-year (YoY) decline in profit, and broadly missed Street estimates. Tata Motors: Tata Motors said Jaguar Land Rover (JLR) retail sales for the quarter ended June were significantly impacted by coronavirus in line with the unprecedented market conditions, but improved month-on-month through … [Read more...] about Stocks in the news: TCS, RIL, Tata Motors, Ruchi Soya, IRCTC, SAIL and LVB

Bharti, JSW Steel and State Bank would be my three top picks in the Nifty stocks, says Director, IIFL Securities. What is your current market view and what are you telling your clients to do? We have had a superb three months and we have no complaints. It was about time we saw some profit booking but we are still staying the course. We have created some hedge positions. We are playing both sides of the market but right now it is the time for banks to shine. We think this is the time to go whole hog or overweight on banks and we think banks or financial services companies are going to do extremely well. So it will be a mixed bag from here on. Banks and metals will outshine from here. Portion of IT is also there but we are staying put. We are not giving in. We know there will be 100-200 points correction or maybe a little more but we are geared up for 11,000 and it is not the 11,000 on the Nifty which is actually the real icing on the cake. It is the broader market outperformance. … [Read more...] about Three midcap private bank stocks Sanjiv Bhasin is bullish on

Europe seems to be in a better control of this particular pandemic than the US or UK or elsewhere, explains NG Subramaniam, COO. Rajesh Gopinathan says things are incrementally looking up. But which are the verticals and geographies they are looking up? Do you think the entire cloud plus digital migration has helped TCS? Also, do you expect a differentiated growth recovery because of the Covid crisis in the businesses and the verticals offering you have?Life sciences and healthcare as a vertical has done really well during the last quarter and we continue to see a lot of opportunities in a particular segment. Overall, in banking and financial services, insurance and pockets of manufacturing, in communication, media and entertainment verticals, we are seeing some very good traction for the kind of offering that we have. In the last quarter, communication, media and information sciences delivered one of the largest deals for us and our deal closure during this quarter has been pretty … [Read more...] about There are better opportunities in Europe now: TCS COO