• Times Now | 07-Feb-2023 16:25

    05:19Here’s Why Tata Steel & Hindalco Declined Over 4% Each | ET Now

    Tata Steel declined in trade today after reporting weaker than expected set of quarterly results. Major disappointment for Tata Steel came in from their European business this quarter. Standalone Adjusted EBIDTA/ton rose by 16% on a sequential basis due to lower coking coal prices during the quarter but Tata Steel Europe reported a loss at the EBITDA level. Hindustan Zinc however came out with a clarification saying that the proposed transaction is an attractive opportunity for Hindustan Zinc to grow and increase its foothold overseas and take its brand globally. Watch this video where Ashesha Adhvaryu explains it all.

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