Tata Steel: Stellar Q4 show sets stage for a better Q1FY22, say analysts

Given the strong results, analysts now believe that Tata Steel to report an even-better April to June quarter as steel prices continue to rise

Propelled by an all-round beat in the March quarter (Q4FY21), Tata Steel shares hit a fresh record high of Rs 1,128.8 apiece on the BSE after they rallied 6 per cent in the intra-day deals. Recovering 8 per cent from the day’s low, the stock surpassed its previous record high of Rs 1,088.8 touched on May 5, 2021. In the past one month, the stock of the Tata Group firm has zoomed 30 per cent as against a 0.74 per cent decline in the benchmark S&P BSE Sensex.  

On Wednesday, Tata Steel Limited reported its best-ever performance across metrics such