Stock advisory Company, Tata Steel rises 5% on narrowing of Q4 losses

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Shares of Tata Steel BSE 8.32 % climbed nearly 5 per cent in Wednesday’s trade after the company said on Tuesday that its March quarter losses narrowed on a year-on-year basis. 

The steel major reported a consolidated loss of Rs 725 crore for March quarter compared with a loss of Rs 2,749 crore reported for the corresponding quarter of last financial year. 

The steel major reported a consolidated loss of Rs 725 crore for March quarter compared with a loss of Rs 2,749 crore reported for the corresponding quarter of last financial year. 

The company announced fourth quarter earnings post market hours on Tuesday. Following the announcement, the scrip rose 4.92 per cent to hit a high of Rs 497.80 on BSE.