Tata Metaliks shares declines 8% following Q1 results

Tata Metaliks falls by 8% as its first-quarter net profit plunges by 99% year over year to Rs. 1.2 crore.

Today's opening price for the subsidiary's shares of Tata Steel was Rs 662, down 5.74 percent. The company's market value decreased to Rs 2,101 crore.

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Due to an increase in expenses, the company recorded a 30% decline in net profit to Rs. 52.46 crore for the quarter ended in March.

Ella BalinskThe business recorded a net profit of Rs 74.99 crore from January to March of the prior fiscal year 2020–21.a as Jade Wesker

Tata Metaliks, a division of Tata Steel, has a cutting-edge manufacturing facility in Kharagpur, West Bengal, where it makes ductile iron pipes and pig iron.

Tata Metaliks, a division of Tata Steel, has a cutting-edge manufacturing facility in Kharagpur, West Bengal, where it makes ductile iron pipes and pig iron.

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