 "Tata Steel")
Steel major Tata Steel (TSL) delivered results that beat consensus expectations but the share price reacted intra-session, on the news. This may have been due to profit-booking because the share had risen by 7 per cent in the past three sessions. After a volatile session, the stock closed up by 2.2 per cent on the National Stock Exchange.
In Q1, 2021-22, net profits, revenue and operating profits all rose sequentially over Q4, 2020-21 (QoQ) and over Q1, 2020-21 (YoY). The YoY performance was of course, driven by a low base but the QoQ improvement was positive despite being hit by
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