Tata Steel, one of the leading steel makers in the world, witnessed a drop in share price on Tuesday after the company registered marginal rise of 5% in hot metal production of 2.58 million tons in Q2 and 5.11 million tons in H1 (up by 4% y-o-y). Crude steel production was 2.27 million tons in Q2 and 4.60 million tons in H1 (up by 2% y-o-y).

Saleable steel production increased by 0.3% y-o-y in Q2 (to 2.2 million tonnes) and by 3% y-o-y in H1 (to 4.46 million tons). Deliveries were 2.11 million tons in Q2 (up by 4% y-o-y) and 4.21 million tons in H1 (up by 4% y-o-y).

Shares of the company are trading at Rs 446.90, down Rs 10.9, or 2.38% at the Bombay Stock Exchange (BSE) on Tuesday at 11:07 a.m.

The scrip has touched an intra-day high of Rs 461.40 and low of Rs 441.50. The total volume of shares traded at the BSE is 344,346.