Tata Stocks

M-cap of Adani group goes up 55.2%, while Tata and Ambani biz houses' declines 10%

Tata Steel on Monday posted a 21 per cent fall in its consolidated net profit to Rs 7,714 crore for the April-June quarter due to higher expenses. The company had reported a net profit of Rs 9,768 crore in the same period of 2021-22, the steel giant said in regulatory filing. Total income of the company was at Rs 63,698.15 crore in April-June this year against Rs 53,627.66 crore in April-June of the preceding fiscal. Its expenses including the cost of materials consumed and the finance cost, increased to Rs 51,912.17 crore from Rs 41,490.85 crore in the year-ago quarter. Tata Steel is among the country's top four steel producers and contributes around 18 per to the total domestic steel production.

Higher investments may cap margins in the near term

Land monetisation could be a short term trigger

Demand revival for soda ash and capacity expansion fuel optimism, say experts

Street will also keep an eye on margins as marketing costs start to impact profitability

Street betting on strong demand for branded staples, aggressive distribution expansion

Despite the bounce-back, the total market cap of the group companies was still down by around Rs 22,000 crore over their closing price on Monday

Market is likely to witness knee-jerk trades on select Tata group scrips following Cyrus Mistry's unexpected exit