Steel stocks rally: Shares of major ferrous metal companies like Tata Steel, JSW Steel, SAIL, and JSPL saw gains of up to 2 per cent on Monday, August 18, following news around a potential final safeguard duty on steel imports. These names are seen as direct beneficiaries of the move, while companies like NMDC, APL Apollo,…
Stock market rally today: After a cautious start to the week, markets managed to gather pace by Monday afternoon. The Sensex was up over 430 points, trading just above the 81,000 mark, while the Nifty held firm around 24,722, up more than 150 points as of 2:30 PM. Much of the action came from heavyweights like…
Tata Steel faces Rs 1,902 crore demand notice from Odisha Government over Sukinda mine dispatch shortfall Tata Steel has said it will challenge the demand legally, calling the claim baseless. Tata Steel has received a demand notice of Rs 1,902.72 crore from the Office of the Deputy Director of Mines, Jajpur, Odisha, over an alleged…
Tata Steel Q4 FY25 Results Preview: Nifty50 constituent Tata Steel is slated to report its March quarter and the year-ended March 31 results on Monday, May 12. Zee Business Research expects the India-based global steel major to report healthy financial performance, given a reduction in coking coal price as it will lower raw material costs while increasing…