Tata Steel shares News

Shares of Tata Steel on Wednesday ended over 8 percent higher, adding Rs 3,531 crore to its market valuation, after the company's consolidated net loss narrowed to Rs 1,168.02 crore for the quarter ended March 31, 2017.

Shares of Tata Steel on Wednesday surged almost 9 percent after the company's consolidated net loss narrowed to Rs 1,168.02 crore for the quarter ended March 31, 2017.

In a BSE filing, the firm said its shareholders approved "further issuance of securities not exceeding Rs 10,000 crore."

Trimming most of its early gains, shares of Tata Steel ended nearly one percent higher Wednesday on profit-taking in an overall weak broader market.

Shares of Tata Steel jumped over 2 percent today following resolution of a major labour dispute at the UK arm of the company.

Shares of Tata Steel on Thursday fell over 2 percent on the bourses after UK unions notified the company of an industrial action on June 22 over the firm's proposal to revise the British Steel Pension Scheme (BSPS).

Memorandum of Understanding with Klesch Group on October 15, 2014 to undertake a detailed due diligence and negotiations for a potential sale of its Long Products Europe business and associated distribution activities still continues.

The company had clocked Rs 503 crore net profit after taxes, minority interest and share of profit of the associates during the October-December quarter of the last fiscal.