Indian steel market leader tata steel above the expected performance for june quarter year.the company operation are divided in to European and Indian operation.this current year Indian operation are good compare to the European operations. The India operations supported their financial conditions despite bear market markets, political weak stability ,weakening economic conditions and off season conditions said the company spokes person said.the estimated profits 300 corers the tata steel reported Rs 1139 for quarter year.the tata steel had gained Rs 598 crore on revenues of Rs 33821 crore, down 3 percent year-on-year.In the last year period, tata steel india registered over 6 percent year-on-year growth in sales to Rs 9455 crore. However profit declined marginally to Rs 1356 crore Y-o-Y. the company given a statement to media they are concentrated to improved the strong relationships is key for success of business growth the major automotive ,general engineering and small medium Enterprise segment.using of this strategy product sales volume increased 44 percent year-on-year with value-added products sales increasing by 15 percent Also, on the back of strong operating performance, tata steel india operations generated EBITDA of `Rs 2,897 crore in comparison to Rs 2,791 crore Y-o-Y.
| 100 Day SMA1 | 285.83 |
| 200 Day SMA2 | 340.13 |
| 52 Week High | 448.10 |
| 52 Week Low | 195.40 |
| 10 Day Avg Volume | 1318246 |
the another wing of tata Steel Europe (TSE)tata steel Europe performance is not good compare to the tata steel india .Sales at TSE declined around 10 percent Y-o-Y to Rs 18432 crore.TSE operations maintained improvement in underlying performance on the back of upgrades at key production facilities at Port Talbot and IJmuiden in Q4 which helped strengthen the operating platform. EBITDA came in at Rs 777 crore versus Rs 620 crore Y-o-Y on improved core capabilities. Tata Steel security closed the day at Rs 241.15, down around 2 percent.
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