Shares of Tata Steel slipped by 5.5% to Rs442 after the company posted a net profit of Rs7.89bn for the quarter ended June 30, 2009 as compared to Rs14.88bn for the quarter ended June 30, 2008. Thereby posting as decline of 47% YoY.
Total Income has decreased from Rs6.16bn for the quarter ended June 30, 2008 to Rs56.61bn for the quarter ended June 30, 2009.
The stock opened at Rs467 and made an intra-day high of Rs470 and a low of Rs426. Total traded volumes stood at 6.7mn shares.
