Tata Steel Shares: Tata Steel Ltd, the country’s multinational steel manufacturing company, announced its quarterly results on Wednesday. During this period, the company’s profit after tax (PAT) jumped by 319 percent to Rs 3183 crore. Whereas in the same quarter last year it was Rs 759 crore.
Tata Steel’s consolidated revenue in the July-September quarter of the business year 2025-26 also increased to Rs 58689 crore from Rs 53905 crore a year ago. The impact of this amazing performance of the company was seen on the shares today. Today in early trade the share rose 3.2 percent to Rs 184. However, later around 11:22 am, it was trading at the level of Rs 181.5 on NSE with a gain of 1.7 percent.
Brokerage has unwavering trust
Brokerages are also positive about this fast growing company. Brokerage firm Morgan Stanley has maintained its rating of ‘Overweight’ with a target price of Rs 200. Jefferies has also given it a ‘buy’ rating with a target price of Rs 200. Incred has given it the highest target price of Rs 224 with a ‘buy’ rating. CLSA has given the lowest target price of Rs 170 and advised to keep the share on ‘Hold’.
Business in India is making more profits
Most of Tata Steel’s income was generated from its Indian business. The company’s sales volume increased by 8.6 percent to 5.55 million tonnes in the September quarter. EBITDA also jumped by 23 percent to Rs 8255 crore. EBITDA reached Rs 14863 per tonne this time as compared to Rs 13131 per tonne in the same quarter last year. Although it has decreased slightly from Rs 15240 per tonne in the first quarter of the year, the situation is still quite good as compared to last year.
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