Ratan Tata (file photo)
Ratan Tata started his career about 61 years ago with Tata Steel. That is why Tata Steel is one of Ratan Tata’s favorite companies and also very close to his heart. This company is also known as the milch cow of Tata Group. It is also one of the largest steel companies in the country. Today the same steel company has fallen into loss. The company has suffered a loss of more than Rs 6500 crore in the second quarter of the current financial year. Whereas last year there was profit in the same quarter. This is the reason why today a slight decline is being seen in the shares of the company. Let us also tell you what kind of information the company has given to the stock market.
Tata Steel suffered losses
Tata Steel has suffered a loss of Rs 6,511.16 crore in the July-September quarter of the current financial year. While giving information to the stock markets on Wednesday, the company said that in the same quarter of the last financial year, the company had made a profit of Rs 1,297.06 crore. The total income of the company declined to Rs 55,910.16 crore in the September 2023 quarter, whereas it was Rs 60,206.78 crore in the same quarter of the last financial year. The total expenditure of the company stood at Rs 55,853.35 crore in the quarter under review, which was Rs 57,684.09 crore in the September quarter last year.
decline in company’s shares
On the other hand, the company’s shares are seeing a slight decline on Thursday. According to BSE data, at 10.40 am, the share of Tata Steel Company is trading at Rs 116.40 with a decline of 0.20 percent. However, during the trading session the company’s share was at the lower level of Rs 114.25, in fact the company’s share open price was also the same. However, the 52 weeks high of the company is Rs 134.85. Which came on 18th September. Since then the company’s shares have fallen by more than 15 percent.
Loss of more than Rs 15000 in 45 days
If the value of investment in the shares of an investor’s company was Rs 1 lakh on September 18, today it would have reduced to less than Rs 85 thousand at Rs 114.25 per share. This means that investors have suffered a loss of more than Rs 15 thousand. Investors have gained 15 percent in the last one year. At the same time, the investor’s money has doubled in five years. The company has given returns of about 1600 percent to investors in the last 24 years.