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Tata Steel: Is the worst over?
Tata Steel’s numbers came in well below market expectations. Like most metal-producing companies, Tata Steel, too, was hit by falling demand in Europe, lower realisations and raging costs. Despite this, analysts were not expecting the company to post a loss of Rs 603 crore, compared to a net profit of Rs 360 crore in the second quarter. The company clocked lower profits in India and wrote down
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