Latest news with #TataSteelLtd
Time of India
03-07-2025
- Business
- Time of India
Import duty hike shields Indian steelmakers as global sector faces turmoil: S&P
New Delhi: India's major steel producers are expected to record a 40 per cent increase in EBITDA in FY26, with the country's steel sector remaining relatively insulated from global tariff-related headwinds, according to S&P Global Ratings . S&P's latest report, titled 'India Steel Is Relatively Sheltered From The Tariff Storm,' notes that while the global steel sector is facing challenges from rising US-led tariffs and trade uncertainties, Indian steelmakers are set to benefit from strong domestic demand, higher spreads and recent import duty hikes. 'Growing domestic demand for steel will keep India's steel markets relatively insulated from the impact of rising U.S.-led tariffs in the sector,' said Anshuman Bharati, credit analyst, S&P Global Ratings. 'India steel will also benefit from higher spreads. Raw material costs are subdued and domestic steel prices are benefiting from safeguard duties.' S&P expects leverage, measured by debt-to-EBITDA, to improve from 3.5x as of March 31, 2025, to 2.4x by March 31, 2026. The forecasted level is below the industry's 10-year median of 3.0x. In contrast to India's outlook, the global steel sector is grappling with the impact of the US's 50 per cent import tariff on steel, which could stall business and infrastructure projects and lead to a supply glut in non-US markets. The potential for steel dumping in these regions remains a concern. India's import duty hike on steel in April 2025 has helped decouple domestic steel prices from the global trend, thereby improving profit margins for Indian producers. According to S&P, this move reduced exposure to international price volatility and the risk of market disruption. However, the agency cautioned that the price divergence may not continue if global steel prices decline significantly, as this could raise dumping risk and pressure domestic margins. 'This downside risk will be a key monitoring point for Indian steel names such as Tata Steel Ltd. (BBB/Stable/--),' the report stated. Despite global volatility, S&P projects continued margin resilience for Indian steelmakers, anchored by domestic demand and policy support.
Business Standard
26-06-2025
- Business
- Business Standard
Tata Steel Ltd spurts 0.86%, rises for fifth straight session
Tata Steel Ltd is quoting at Rs 157.74, up 0.86% on the day as on 12:44 IST on the NSE. The stock is down 9.43% in last one year as compared to a 5.65% spurt in NIFTY and a 3.72% spurt in the Nifty Metal. Tata Steel Ltd gained for a fifth straight session today. The stock is quoting at Rs 157.74, up 0.86% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25402.2. The Sensex is at 83287.99, up 0.64%. Tata Steel Ltd has slipped around 2.42% in last one month. Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has slipped around 1.17% in last one month and is currently quoting at 9329.2, up 0.8% on the day. The volume in the stock stood at 184.7 lakh shares today, compared to the daily average of 221.77 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 157.59, up 0.66% on the day. Tata Steel Ltd is down 9.43% in last one year as compared to a 5.65% spurt in NIFTY and a 3.72% spurt in the Nifty Metal index.
Mint
02-06-2025
- Business
- Mint
Three stocks to buy today: Expert Ankush Bajaj's picks for 2 June
On Friday, 30 May, the Indian stock market opened with a slight gap-down and slipped further in the morning as selling pressure persisted. The Nifty tested the 24,700 level during the session but found some support there. However, instead of recovering, the market moved sideways for the rest of the day, showing signs of indecision and lack of buying interest. Top three stocks recommended by Ankush Bajaj for 2 June: HDFC Bank Ltd (current price: ₹1945) Why it's recommended: The stock has shown a strong rebound from support levels and, on the lower time frame, has given a consolidation breakout, which indicates the start of a new trend and suggests a potential for further upside. Key metrics: Resistance level: ₹1,975 (short-term target) | Support level: ₹1,924 (pattern invalidation level) Pattern: Consolidation breakout on lower timeframe with sustained price action RSI: Bullish on both daily and lower timeframes, confirming strength in the breakout Technical analysis: The breakout from the consolidation zone on lower timeframes, combined with improving RSI and price strength, points to a continuation of the bullish trend. Sustaining above ₹1,945 increases the probability of achieving the projected target. Risk factors: A breakdown below ₹1,924 could invalidate the bullish breakout. Broader market corrections or sector-specific weakness may also affect price action. Buy at: ₹1,945 Target price: ₹1,975 in 4–5 days Stop loss: ₹1,924 Also Read: FMCG stocks face margin pressure. Here's why Tata Steel Ltd (current price: ₹161) Why it's recommended: The stock is in an uptrend and is currently trading at a major demand zone between ₹161– ₹158. A bounce back is expected from this level, suggesting a potential for further upside. Key metrics: Resistance level: ₹167– ₹171 (short-term target zone) | Support level: ₹158 (pattern invalidation level) Pattern: Pullback setup from demand zone in ongoing uptrend RSI: Bullish reversal expected from oversold zone on lower time frames, indicating early signs of strength Technical analysis: The stock is approaching a key support area within an ongoing uptrend. The confluence of the demand zone and oversold RSI on lower timeframes increases the likelihood of a bounce toward ₹167– ₹171. Risk factors: A breakdown below ₹158 could invalidate the bullish setup. Broader market weakness or unexpected sector pressure could affect price movement. Buy at: ₹161 Target price: ₹167– ₹171 in 4–5 days Stop loss: ₹158 Also Read: This textile star's rally masks a margin meltdown. Should investors be worried? Union Bank Ltd (current price: ₹146.80) Why it's recommended: The stock is showing strength in an ongoing uptrend and has taken support near ₹145 levels. On the lower time frame, it is forming a bullish structure, indicating the potential for a quick upward move. Key metrics: Resistance level: ₹151– ₹153 (short-term target zone) | Support level: ₹144 (pattern invalidation level) Pattern: Support-based entry in bullish continuation setup RSI: Bullish on lower timeframes with rising momentum, supporting the price action Technical analysis: Union Bank has maintained higher lows and is showing signs of fresh momentum from the support zone. Sustaining above ₹146.80 may trigger a move toward the ₹151– ₹153 zone. Risk factors: A breakdown below ₹144 could negate the bullish view. Broader market volatility or sector rotation could limit upside. Buy at: ₹146.80 Target price: ₹151– ₹153 in 4–5 days Stop loss: ₹144 Market wrap The Nifty 50 ended 82.90 points lower, down 0.33%, at 24,750.70 on 30 May. The BSE Sensex fell by 182.01 points or 0.22% to close at 81,451.01. The Bank Nifty managed to recover slightly and closed 203.65 points higher, up 0.37%, at 55,749.70. Among sectors, PSU Banks stood out with a gain of 2.88%, followed by the banking index up 0.37% and the finance index, which rose 0.08%. On the other hand, metal stocks were under pressure, with the index falling 1.69%. The PSE index was down 1.14%, while the auto index slipped 0.98%. In stock action, Eternal jumped 4.35% as buyers remained active. SBI gained 1.87% on continued strength in the banking space. HDFC Bank also moved up 0.90% due to positive sentiment around large private lenders. Among the top losers, Bajaj Auto declined 3.01% as investors booked profits. Hindalco fell 2.54% amid weakness in metals. Shriram Finance dropped 1.98% following recent gains. Nifty technical analysis: Daily & hourly The Nifty experienced another day of consolidation, ending in the red with a loss of 83 points. On the daily charts, it has been trading within a narrow range of 24,500 to 25,000 for the past ten sessions. Also Read: Strong domestic demand, firm steel prices to keep SAIL in focus The daily momentum indicator is steadily approaching the equilibrium line, indicating that this consolidation phase may be nearing its end and could soon give way to an upward move. The 20-day moving average at 24,692 is currently acting as a strong support level, and a breach below this could result in a decline towards 24,400. On the upside, the immediate resistance lies between 24,850 and 24,900, and a move above this zone could trigger a rally towards 25,100. From a technical standpoint, the Nifty is trading above both the 20-day moving average (24,692) and the 40-day exponential moving average (24,275). However, the daily momentum indicator has shown a negative crossover, suggesting some caution. On the hourly chart, the Nifty is trading below the 20-hour and 40-hour exponential moving averages, which are placed at 24,769 and 24,793, respectively. Interestingly, the momentum indicator on the hourly chart has shown a positive crossover. Market breadth was negative for the day, with 1,300 stocks advancing and 1,597 declining on the National Stock Exchange. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
23-05-2025
- Business
- Time of India
Majhi launches Rs 1.15L crore industrial projects in Jajpur
1 2 Bhubaneswar: In a major industrial push, chief minister Mohan Charan Majhi on Thursday launched 24 major industrial projects worth Rs 1.15 lakh crore at the Kalinganagar Industrial Complex in Jajpur district. Out of these, foundation was laid for projects worth Rs 66,000 crore while he inaugurated Rs 49,000-crore projects. This massive investment drive, the first of its scale since Majhi assumed office last year, includes both inaugurations of completed projects and foundation stone laying ceremonies for new ventures, signalling a robust phase of industrial growth in the state. The projects are expected to generate 36,000 jobs across various sectors. The flagship projects include Tata Steel Ltd's ₹47,599 crore integrated steel plant expansion and Neelachal Ispat Nigam Limited's ₹61,769 crore steel plant expansion, which alone will create 14,000 jobs. Speaking on the occasion, Majhi said Odisha is entering a "historic turning point" with the launch of these industrial projects. "We are not merely laying foundation stones; we are building the future," the CM said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo "In just 113 days, we've turned commitments into concrete progress. This is the result of our govt's willpower, dedication, and belief in action over words," he added. The CM emphasised that Kalinganagar has emerged as the "economic lifeline of a self-reliant Odisha". He credited Prime Minister Modi's vision, stating that Odisha is proving itself to be "not just a land of heritage, but a land of limitless opportunity and industrial excellence." The projects span various sectors, including steel, ferro alloys, chemicals, solar energy, and food processing. Several international companies are participating in this industrial push, including investments from Japan, Germany, the US, and the UK, further strengthening Odisha's position as a preferred investment destination. Several international companies are investing in the region. They include Linde India Limited (₹425 crore Air Separation Unit), TYK Ceramics (Japan) (₹57 crore refractory products facility), Almamet India Germany (₹50.6 crore specialty chemicals unit), Neo Industries USA (₹72 crore chrome plating facility), Corewire Surface Technology UK (₹50.1 crore steel roll manufacturing unit), and Lechler India Germany (₹1.5 crore precision nozzle facility). The rapid implementation of these projects, following the Utkarsh Odisha-Make in Odisha Conclave-2025, demonstrates the govt's commitment to expediting industrial growth through ease of doing business, world-class infrastructure, and transparent governance. Industries minister Sampad Chandra Swain and textiles, handlooms and handicrafts minister Pradeep Balsamant also spoke.
Yahoo
14-05-2025
- Business
- Yahoo
Tata Steel Ltd (FRA:HWHG) Q4 2025 Earnings Call Highlights: Record Production and Strategic ...
Crude Steel Production: 21.7 million tons for the full year. Deliveries: 20.9 million tons for the full year. India Capacity Utilization: Close to 100% excluding Kalinganagar. Automotive Segment Deliveries: Enhanced by new product development and continuous annealing line at Kalinganagar. Branded Products and Retail Volumes: 7 million tonnes, with Tata Tiscon volumes growing by 19% year-on-year. Consolidated Revenue (Q4 FY25): INR 56,218 crores, up 5% quarter-on-quarter. Consolidated EBITDA (Q4 FY25): INR 6,762 crores, margin of 12%. India EBITDA Margin: 21%, translating to INR 7,418 crores. Netherlands EBITDA (Q4 FY25): EUR 14 million. UK EBITDA Loss (Q4 FY25): GBP 80 million. Operating Cash Flow (Q4 FY25): INR 7,700 crores. Full Year Consolidated EBITDA (FY25): INR 25,802 crores, a 10% growth from FY24. Net Debt: INR 82,579 crores, reduced by INR 6,200 crores in the last six months. Capital Expenditure (FY25): INR 15,671 crores. Planned Capital Expenditure (FY26): INR 15,000 crores. Structural Cost Takeout (FY25): INR 6,600 crores. Targeted Cost Takeout (FY26): INR 11,500 crores. Stand-alone Net Worth (March '25): INR 1,23,544 crores. Consolidated Net Worth (March '25): INR 87,770 crores. Warning! GuruFocus has detected 7 Warning Signs with FRA:HWHG. Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tata Steel Ltd (FRA:HWHG) achieved the highest ever crude steel production of 21.7 million tons and deliveries of 20.9 million tons for the full year. The company has successfully commissioned India's largest blast furnace at Kalinganagar, enhancing cost competitiveness and product mix. Tata Steel Ltd (FRA:HWHG) has been recognized by World Steel as a Sustainability Champion for the eighth consecutive year. The company reported a consolidated EBITDA of INR 25,802 crores for FY25, reflecting a 10% growth compared to the previous year. Tata Tiscon volumes grew by about 19% year-on-year, marking the second consecutive year of double-digit growth. UK operations faced challenges with steel prices still 8% below last year's levels due to import pressures and subdued demand. Tata Steel UK reported an EBITDA loss of GBP 80 million in the fourth quarter due to higher substrate prices and reduced revenue per tonne. The company is facing increased costs in Europe due to the reduction in carbon allowances and CO2 levies, impacting profitability. Despite cost transformation efforts, external factors such as fluctuating steel prices and high regulatory costs continue to affect performance. The company has significant debt, with a net debt standing at INR 82,579 crores, although it has been reduced from previous levels. Q: How have steel prices moved in India and Europe compared to the last quarter? A: Thachat Narendran, CEO, stated that in India, prices are expected to be about INR3,000 per tonne higher than the last quarter, while in Europe, prices are EUR20 to EUR30 higher. Q: What is the medium-term plan for Jamshedpur given its legacy cost issues? A: Thachat Narendran, CEO, explained that while Jamshedpur has some legacy costs, efforts are ongoing to address them. The cost gap between Jamshedpur and other sites is reducing due to various actions, including the retirement of older workers, which helps reduce legacy costs. Q: Why has Tata Steel approved an infusion of $2.5 billion into Europe? A: Koushik Chatterjee, CFO, clarified that this is not a new investment but a rebalancing of debt between overseas and India to reduce currency fluctuation and post-tax costs. It is primarily to manage existing debt rather than new investments. Q: How are the cost takeout initiatives progressing, and what impact do they have on EBITDA? A: Koushik Chatterjee, CFO, mentioned that Tata Steel is targeting INR4,000 crores in cost savings in India, which translates to an improvement in EBITDA per tonne. The initiatives include optimizing procurement, vendor development, and reducing fixed costs. Q: What is the volume guidance for Tata Steel in FY26? A: Thachat Narendran, CEO, stated that the company expects an additional 1.5 million tonnes in deliveries, primarily from India, with Kalinganagar contributing 2 million tonnes, offset by a blast furnace relining in Jamshedpur. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
