Revenue from operations came at Rs 57,002 crore in the third quarter compared to Rs 53,648 crore in the corresponding period a year ago.
Hindustan Copper shares plunged 17.43 per cent to hit a low of Rs 566.85. Hindustan Zinc Ltd and National Aluminium Company Ltd hit their respective 10 per cent lower circuit limits at Rs 566 and Rs 346.25, respectively.
Nomura upped it target on JSW Steel to Rs 1,340 from Rs 1,300 earlier. It suggested a target of Rs 215 on Tata Steel and Rs 1,150 on Jindal Steel.
JSW Steel and Tata Steel are expected to outperform. The brokerage attributed this resilience to a superior sales mix, cost control measures, operational efficiency, and a steady growth in volumes.
ICICI Securities has a buy call on Tata Steel and Jindal Steel. It has a hold call on JSW Steel and SAIL.
Nomura expects JSW Steel standalone and Tata Steel standalone to report around Rs 1,900 to Rs 2,000 per tonne sequential decline in realisations.
Angel One said its board would meet on January 15 to consider a stock split and decide on the first interim dividend for the financial year 2025-26.
SMC Global said that CESC has been trading within a downward-sloping channel for a considerable period, indicating a phase of healthy consolidation rather than a reversal from higher levels.
Antique maintained 'Buy' ratings on Tata Steel with a target price of Rs 199 and Jindal Steel with a target price of Rs 1,171, while retaining 'Hold' on SAIL with a target of Rs 129 and JSW Steel with a target of Rs 942.
YES Bank, with 61.65 lakh retail investors, barely managed to meet Nifty returns at 9 per cent. Vodafone Idea cheered over 60 lakh retail investors with a solid 52 per cent surge. Suzlon Energy disappointed.
On Tuesday, shares of Tata Steel closed 1.03 per cent higher at Rs 170.90 on the BSE. The counter has been a performer over the year, having gained nearly 25 per cent year-to-date.
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