Tata Steel falls on weak Q1 earnings
Source: IRIS | 14 Aug, 2014, 09.45AM
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 Tata Steel shares fell on Thursday after it reported a fall of 70.41% in consolidated net profit for the quarter ended Jun. 30, 2014, due to higher tax expense and provisions. For the quarter, profit stood at Rs 3.37 billion as compared to Rs 11.39 billion in the same period last year.
 Total income has increased by 11.04% to Rs 364.27 billion for the quarter ended Jun. 30, 2014 from Rs 328.04 billion in the year ago period.
Shares of the company are trading at Rs 527.80, down Rs 6.9, or 1.29% at the Bombay Stock Exchange (BSE) on Thursday at 9:33 a.m.
The scrip has touched an intra-day high of Rs 534.50 and low of Rs 525.20. The total volume of shares traded at the BSE is 201,139.
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