Tata Steel shares fall 4 pct after quarterly loss
|
Last Updated: Fri, Feb 10, 2012 09:32 hrs
Shares in Tata Steel fell 4 percent to 434 rupees in pre-open trade on Friday after the world's No.7 steelmaker reported its first quarterly net loss in more than two years.
Upgraded Mahindra Xylo out for Rs 7.37 lakh
Tata Steel, which operates two-thirds of its global capacity of about 28 million tonnes in Europe, warned it did not expect a significant revival in demand in its core markets in 2012.
XUV 500 receives over 25000 bookings
In comparison, the main 30-share BSE index was down 0.07 percent in pre-open trade.
most popular on facebook
talking point on sify finance
today's most read on sify finance
- Nude maid service raising eyebrows in Texas city Read 165 Times
- Rajasthan to open Generic Medicine stores in every district Read 129 Times
- Congress slams Trinamool over petrol price hike protest Read 119 Times
- Congress slams Trinamool over petrol price hike protest Read 83 Times
- Air India proposes VRS to cut down staff Read 82 Times
