Shares of Tata Metal had been buying and selling 1.09 per cent greater at Rs 1,293.60 on BSE

Tata Metal’s share worth rose practically one per cent on Thursday, October 7, a day after the metal main introduced that its manufacturing grew by seven per cent within the July-September quarter of FY 2021-22. Shares of Tata Metal had been buying and selling 1.09 per cent greater at Rs 1,293.60 final time on the BSE. Tata Metal opened at Rs 1,293.05 within the buying and selling session thus far, with an intraday excessive of Rs 1,306.45 and an intraday low of Rs 1,283.95.

The key steelmaking firm reported a progress of seven per cent in consolidated metal manufacturing to 7.78 million tonnes within the second quarter of the present monetary yr. The corporate’s consolidated metal manufacturing stood at 7.25 million tonnes within the year-ago interval.

In India, Tata Metal produced 4.73 million tonnes of metal within the September quarter, as towards 4.59 million tonnes within the year-ago quarter, based on a regulatory submitting by the corporate to the inventory exchanges. Gross sales within the nation stood at 4.64 million tonnes as towards 5.05 million tonnes within the corresponding quarter final yr.

As a result of COVID-19 lockdown restrictions in Thailand and Malaysia, Tata Metal’s metal manufacturing and gross sales volumes in Southeast Asia declined by 17 per cent and 5 per cent quarter-on-quarter, respectively.

Shares of Tata Metal on the NSE had been buying and selling at Rs 1,292.72 with a achieve of 1 per cent. Tata Metal opened at Rs 1,295 on the NSE, registering an intraday excessive of Rs 1,306.80 and an intraday low of Rs 1,283.55 within the session thus far.



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