Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Tata Steel Ltd fell for a fifth straight session today. The stock is quoting at Rs 194.58, down 1.37% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.36% on the day, quoting at 23939.7. The Sensex is at 76703.64, up 0.58%.Tata Steel Ltd has eased around 7.21% in last one month.Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has eased around 2.65% in last one month and is currently quoting at 13083.85, down 2.01% on the day. The volume in the stock stood at 186.66 lakh shares today, compared to the daily average of 344.05 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 196, down 1.05% on the day. Tata Steel Ltd jumped 27.51% in last one year as compared to a 3.68% slide in NIFTY and a 39% spurt in the Nifty Metal index.
The PE of the stock is 14.58 based on TTM earnings ending March 26.
Metal, IT and Oil & Gas shares declined while media, realty and pharma shares advanced.
At 13:25 IST, the barometer index, the S&P BSE Sensex declined 226.77 points or 0.30% to 74,133.24. The Nifty 50 index dropped 76.35 points or 0.32% to 23,341.55.
In the broader market under, the BSE 150 MidCap Index shed 0.26% and the BSE 250 SmallCap Index slipped 0.15%.
The market breadth was negative. On the BSE, 1,958 shares rose and 2,081 shares fell. A total of 216 shares were unchanged.
Gainers & Losers:
Bajaj Finance (up 1.72%), Hindustan Unilever (up 1.44%), SBI Life Insurance (up 1.42%) and HDFC Life Insurance (up 1.42%) were the major Nifty50 gainers.
Wipro (down 4.32%), Tata Steel (down 2.98%), Hindalco Industries (down 2.78%) and Trent (down 2.58%) were the major Nifty50 losers.
RBI MPC Outcome:
The MPC, chaired by RBI Governor Sanjay Malhotra, unanimously voted to maintain the repo rate under the liquidity adjustment facility (LAF) at 5.25%. Accordingly, the standing deposit facility (SDF) rate remains at 5%, while the marginal standing facility (MSF) rate and the bank rate continue at 5.50%. The committee also retained its neutral policy stance.
The RBI noted that the prolonged conflict in West Asia has increased risks to both global growth and inflation. Volatile energy markets, falling crude inventories and rising commodity prices have prompted major central banks to adopt a more cautious approach, with advanced economies expected to lean towards tighter monetary policies.
On the domestic front, economic activity has remained resilient, supported by steady private consumption, sustained investment momentum, robust services exports and strong merchandise export growth in April 2026. However, higher freight and insurance costs, coupled with geopolitical uncertainties, are beginning to weigh on the economy. The central bank also flagged concerns over a deficient south-west monsoon, though various government initiatives are expected to help mitigate the impact on agriculture and rural demand.
Taking these factors into account, the RBI revised its FY27 real GDP growth forecast to 6.6% from 6.9% projected earlier. Growth is now estimated at 6.6% in Q1, 6.3% in Q2, 6.5% in Q3 and 6.8% in Q4. The central bank said prolonged supply chain disruptions, volatility in global financial markets and weather-related shocks remain key downside risks to growth.
CPI inflation for FY27 has been projected at 5.1%, compared with the earlier estimate of 4.6%. Quarterly inflation is expected at 4.2% in Q1, 5.1% in Q2, 5.9% in Q3 and 5.4% in Q4, while core inflation is projected at 4.7% for the year.
The RBI highlighted that elevated energy prices, global supply constraints, a weaker monsoon outlook and the risk of El Niño have increased inflation uncertainties. Given these evolving risks, the MPC decided that maintaining the current policy rate and stance would be appropriate until greater clarity emerges.
The minutes of the MPC meeting will be published on 19 June 2026. The next MPC meeting is scheduled for 3 to 5 August 2026.
Economy
The government has announced a series of reforms to attract long-term foreign capital and deepen India's capital markets, including exempting Foreign Portfolio Investors (FPIs) from income tax on interest income and capital gains arising from investments in government securities (G-Secs) with effect from 01 April 2026. Similar tax benefits have been extended to the Bank for International Settlements (BIS).
The government has also expanded foreign investor access to government bonds by including additional long-tenor securities and Sovereign Green Bonds under the Fully Accessible Route (FAR), while removing certain investment restrictions under the General Route. At the same time, investment norms for individual Persons Resident Outside India (PROIs) have been liberalised, allowing them to invest in listed Indian equities through the Portfolio Investment Scheme with higher investment limits. The Finance Ministry said the measures are aimed at simplifying market access, enhancing ease of doing business and attracting stable foreign inflows into India's equity and debt markets.
Stocks in Spotlight:
Banking stocks traded mixed after the Reserve Bank of India (RBI) kept the policy repo rate unchanged at 5.25% at the conclusion of its Monetary Policy Committee (MPC) meeting held from 3 to 5 June 2026.
Punjab National Bank (up 1.41%), Yes Bank Ltd (up 1.41%), Canara Bank (up 1.39%), Axis Bank Ltd (up 0.92%) and ICICI Bank Ltd (up 0.81%), AU Small Finance Bank Ltd (up 0.51%), Union Bank of India (up 0.4%) and State Bank of India (up 0.1%) advanced.
On the other hand, Bank of Baroda (down 2.47%), Kotak Mahindra Bank Ltd (down 0.92%) and Federal Bank Ltd (down 0.63%) declined.
Bharat Heavy Electricals shed 0.47%. The company has received a notification of award (NOA) from Meja Urja Nigam (MUNPL) for the 3x800 MW Meja Supercritical Thermal Power Project Stage-II EPC package.
Lupin advanced 1.17% after the company announced that the United States Food and Drug Administration (USFDA) has approved its ranibizumab, Ranluspec (ranibizumab-hkdz) injection.
Juniper Hotels added 2.42% after the company has entered into an agreement with Juniper Hospitality Assets (JHAPL), and its seller shareholders, Arun Kumar Saraf and Varun Saraf, for the proposed transaction. The company will develop a five- Star hotel on land parcel measuring approximately 2.524 acres in Sector 23, Dwarka, New Delhi, having emerged as the successful bidder for the licence rights to the site.
Avi Polymers rallied 4.95% after the company’s board approved a proposal to issue bonus shares in the ratio of 1:10. Accordingly, the company will issue 1 equity share for every 10 equity shares held by the eligible shareholders as on the record date, subject to such regulatory/statutory approvals as may be required.
Additionally, the company’s board approved the sub-division/split of the face value of equity shares, each equity share with a face value of Rs 10 will be subdivided into 10 equity shares with a face value of Re 1 each. Further, the board has approved a strategic expansion into high-growth sustainable industries including industrial waste management systems, advanced material recycling technology and carbon footprint optimization & sustainability consulting services.
Alembic Pharmaceuticals rose 0.45%. The company announced that it has received final approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Haloperidol Tablets USP in strengths of 1 mg, 2 mg, 5 mg, 10 mg, and 20 mg.
CG Power and Industrial Solutions shed 0.41%. The company announced the commissioning and commencement of commercial production at its extra high-voltage (EHV) switchgear manufacturing facility, S3 Unit-II, in Nashik, Maharashtra.
Global Markets:
European and Asian market traded lower on Friday, dragged lower by the overnight slump in key Wall Street tech names.
Overnight in the U.S., the Dow Jones Industrial Average rallied to a fresh all-time high, while the Nasdaq Composite underperformed as investors appeared to rotate out of chip names in favor of non-tech stocks.
The 30-stock Dow jumped 874.86 points, or 1.73%, to close at a record 51,561.93. The Nasdaq lost 0.09% and ended at 26,830.96, while the S&P 500 rose 0.41% to 7,584.31.
The rotation was sparked by a sell-off in Broadcom that led investors to pare exposure to AI-linked stocks. The chipmaker slid more than 12% after its fiscal second-quarter revenue missed estimates. Chip names, which led the latest leg higher in the market’s rally to record levels, fell broadly. The VanEck Semiconductor ETF (SMH) lost more than 1%. Arm Holdings shed more than 4%, while Micron Technology fell close to 8%.
Stocks also came under pressure on Middle East worries. Mixed messages have emerged recently out of negotiations to end the war, which has upset global markets and caused oil and gasoline prices to spike.
Media reports further stated that the incident was not related to the demolition of an empty gas holder, which took place earlier on Wednesday evening.
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum.
The steelmaker reported a 124.9% surge in consolidated net profit to Rs 2,925.74 crore on 12.53% jump in income from operations to Rs 62,687.31 crore in Q4 FY26 over Q4 FY25.
Tata Steel Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 214.82, up 2.07% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 23936.1. The Sensex is at 76035.12, up 0.03%. Tata Steel Ltd has dropped around 0.11% in last one month.
Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has dropped around 5.15% in last one month and is currently quoting at 13492.55, up 1.68% on the day. The volume in the stock stood at 276.21 lakh shares today, compared to the daily average of 304.53 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 212.56, up 2.14% on the day. Tata Steel Ltd is up 33.23% in last one year as compared to a 3.3% drop in NIFTY and a 48.48% drop in the Nifty Metal index.
The PE of the stock is 15.55 based on TTM earnings ending March 26.
While the broker expects margin improvement in the India and UK business in Q1 FY27, it anticipates continued pressure on margins in the Netherlands due to production losses at the DRI steel plant following breaches of emission limits. It has also cut its FY28 EBITDA estimates by 2%, citing regulatory uncertainity in the Netherlands and geopolitical tensions in the Middle East as potential risks to earnings growth.
In its Q4 FY26 results, the steelmaker reported a 124.9% surge in consolidated net profit to Rs 2,925.74 crore on 12.53% jump in income from operations to Rs 62,687.31 crore in Q4 FY26 over Q4 FY25.
Profit before exceptional items and tax soared 98.99% to Rs 5,150.42 crore in Q4 FY26 compared with Rs 2,588.30 crore in Q4 FY25. The company reported exceptional loss of Rs 340.05 crore during the quarter.
EBITDA stood at Rs 9,953 crore, up 47.19% compared with Rs 6,762 crore posted in Q4 FY25.
The crude steel production increased 10.47% to 8.23 million tonnes in Q4 FY26 compared with 7.45 million tonnes in Q4 FY25. Deliveries rose 4.68% to 8.72 million tonnes in Q4 FY26 comapred with 8.33 million tonnes in Q4 FY25.
India revenues were Rs 38,654 crore and EBITDA was Rs 9,841 crore, which translates to a margin of 25%. Crude steel production was up 14% YoY to 6.22 million tons and deliveries rose 10.54% YoY to 6.19 million tons.
Netherlands revenues were euro 1,605 million and EBITDA was euro 58 million. Liquid steel production was 1.63 million tons and deliveries were 1.70 million tons. UK revenues were euro 470 million and EBITDA loss stood at euro 48 million. Deliveries stood at 0.52 million tons and were impacted by subdued demand dynamics.
On full year basis the company’s consolidated net profit surged 215.56% to Rs 10,793.87 crore in FY26 compared with Rs 3,420.51 crore in FY25. Revenue from operations rose 6.2% to Rs 2,30,293.47 crore in FY26 compared with Rs 2,16,840.35 crore in FY25.
The company‘s wholly owned indirect subsidiary, Tata Steel Netherlands (TSN) continues to be deeply engaged with the local regulatory bodies on addressing the issues related to the IJmuiden operating site. Based on the local Environment Agency’s measurements of exceedances of emissions of substances versus certain prescribed limits, TSN has received multiple notices alleging noncompliance and has paid more than euro 20 million of penalties in FY2026 in relation to the coke and gas plants. Tata Steel Netherlands said several issues are difficult to address within the regulator’s timeline due to the 40–50-year-old design of the coke ovens.
The Environment Agency and the local Province have also on 23rd April issued a letter to Tata Steel Netherlands indicating their intention to revoke operating permits and trigger an early closure of the coke and gas plants. The company said it has submitted a timeline for a safe and controlled shutdown process and is also exploring legal options. However, pending assurance on a feasible timeline, the financial statements of Tata Steel Netherlands have been prepared taking into account a material uncertainty to going concern in discussion with its auditors. The company is also in discussions with regulators over stricter Dutch standards for steel slag disposal, which it said now exceed EU norms and may become operationally unfeasible.
T V Narendran, chief executive officer & managing director, said, “FY2026 was characterised by elevated geoeconomic uncertainty, with supply-chain and tariff-led trade disruptions impacting global steel markets. Against this backdrop, our sustained focus on operational discipline and cost transformation continued to deliver performance across our global businesses.
Tata Steel India reported ‘best ever’ deliveries of around 22.5 million tons. This volume growth was supplemented by an expanding downstream portfolio across Tubes, Tinplate, Colors & Wires, in line with our strategy of strengthening our leadership position across chosen high value segments. Kalinganagar’s continuous annealing and galvanising lines secured customer approvals at a record pace, consolidating our position as a preferred supplier to the automotive industry.
Our branded business continues to scale, with Tata Tiscon now reaching approximately 97% of districts across India. Our e-commerce platforms, Aashiyana and DigECA, recorded annual gross merchandise value of Rs 8,495 crore, up 137% YoY. Volumes to the engineering segment were also ‘best ever’, supported by enhanced presence in oil & gas and shipbuilding.
We recently commissioned a 0.75 MTPA scrap based Electric Arc Furnace at Ludhiana and continue to invest in India’s growth, including the proposed 4.8 MTPA expansion at NINL. In the UK, the changes to import quotas announced in March 2026 are expected to bring greater balance to a market where demand conditions continue to be cause for concern.
In Europe, while import safeguards and roll out of the Carbon Border Adjustment Mechanism from 1st January has improved pricing conditions, Tata Steel Netherlands faces a challenging regulatory environment. We remain committed to working constructively with the regulators to find a feasible and sustainable path forward. In the last quarter, developments in West Asia began to exert pressure on supply chains and input costs, and these pressures are continuing into FY2027. We are pursuing calibrated actions to mitigate risks in this regard.”
Meanwhile, the company’s board recommended a dividend of Rs 4 per equity share of face value Rs 1 each for FY2025-26. The record date has been fixed as Friday, 12 June 2026. The dividend will be paid on and from Monday, 6 July 2026.
Further, the company executed share purchase agreement with IQ Martrade Holding Und Management GmbH (IQ) and TM International Logistics (TMILL) to acquire 41,40,000 equity shares of face value Rs 10 each (23% equity stake), in TMILL, from IQ for a consideration of Rs 335 crore.
TMILL is a 51:26:23 joint venture company between Tata Steel, NYK Holding Europe B.V (NYK) and IQ Martrade Holding Und Management GmbH (IQ), respectively.
On completion of the above transaction, the Joint Venture Agreement dated July 26, 2001, between the company and IQ, and the Deed of Adherence dated November 26, 2009, amongst the company, TMILL, NYK, and IQ will be terminated and the company will hold 74% equity shares in TMILL and NYK will hold 26% equity shares in TMILL.
In the cash market, The Nifty 50 index rose 6.45 points or 0.03% to 23,649.95
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 4.47% to 19.63.
HDFC Bank, Infosys and Tata Steel were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The May 2026 F&O contracts will expire on 26 May 2026.
For the full year,net profit rose 215.56% to Rs 10793.87 crore in the year ended March 2026 as against Rs 3420.51 crore during the previous year ended March 2025. Sales rose 6.20% to Rs 230293.47 crore in the year ended March 2026 as against Rs 216840.35 crore during the previous year ended March 2025.
The scrip declined 1.97% to end at Rs 216.80 on the BSE.