Read more about Metal stocks edge higher on Business Standard. Metal stocks were trading in green, with the S&P BSE Metal index increasing 216.94 points or 1.68% at 13132.77 at 09:48 IST.
Tata Metaliks Ltd, Indian Bank, Bank of Maharashtra and Tata Steel Ltd Partly Paid Up are among the other losers in the BSE s A group today, 21 January 2021.
Tata Metaliks Ltd, Indian Bank, Bank of Maharashtra and Tata Steel Ltd Partly Paid Up are among the other losers in the BSE s A group today, 21 January 2021.
Tata Elxsi Ltd crashed 5.87% to Rs 2624.8 at 14:48 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 1.17 lakh shares were traded on the counter so far as against the average daily volumes of 1.1 lakh shares in the past one month.
Tata Metaliks Ltd lost 5.54% to Rs 775. The stock was the second biggest loser in A group.On the BSE, 40312 shares were traded on the counter so far as against the average daily volumes of 57995 shares in the past one month.
Read more about Metal stocks edge higher on Business Standard. Metal stocks were trading in green, with the S&P BSE Metal index increasing 251.12 points or 2.01% at 12763.39 at 09:48 IST.
Tata Steel BSL s crude steel production decreased marginally by 3% quarter-on-quarter and 4% year-on-year to 1,109 thousand tons in 3Q FY21, primarily due to maintenance shutdowns.
The company saw strong sales momentum in 3Q FY21 but sales volumes were constrained by lower production and lower opening inventory post very strong sales in 2QFY21.
As a result, deliveries were 1,149 thousand tons in 3Q FY21, lower by 10% on QoQ and 8% on YoY basis.
However, the steel maker increased its domestic deliveries by 7% QoQ to 947 thousand tons, and reduced exports from 31% in 2QFY21 to 18% in 3QFY21. We also remain focused on aggressively managing costs and cashflows while pursuing deleveraging, the company said in a BSE filing made after market hours on Friday (8 January 2020).
Read more about Tata Steel BSL update on Q3 production and sales performance on Business Standard. The company achieved sales of 1149 thousand tons in Q3 FY21 compared to 1255 thousand tons in Q3 FY20 and 1274 thousand tons in Q2 FY21.