Tata Steel shares decline 4 pc after earnings announcement

NEW DELHI: Shares of Tata Steel on Thursday declined 4 per cent in the early trade after the homegrown steelmaker reported a 64.59 per cent decline in its net profit for the January-March quarter of 2023-24, on lower realisations and certain exceptional items.

In the morning trade, the stock of the company fell 3.93 per cent to trade at Rs 167.40 apiece on the National Stock Exchange (NSE).

On the BSE, it went lower 3.82 per cent to Rs 167.55 per piece.