Tata Steel, one of the leading steel makers in the world, witnessed a fall in share price on Wednesday ahead of it's fourth quarter earnings today.

For the third quarter, the company post substantial drop in standalone net profit for the quarter ended December 2014.  During the quarter, the profit of the company declined 68.78% to Rs 1,571.10 million from Rs 5,032.40 million  in the same quarter last year. Net sales for the quarter declined 8.45% to Rs 336,332.30 million, compared with Rs 367,358.20 million for the prior year period.

Shares of Tata Steel are trading at Rs 361.25, down Rs 6.9, or 1.87% at the Bombay Stock Exchange (BSE) on Wednesday at 11:29 a.m.

Total volume of shares traded on the bourses today was lower by 57.42% to 2,628,415 compared with 22-day average volume of 6,172,350.