Favourable commodity cycle should keep Tata Steel stock in demand

Most analysts remain bullish on the stock

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