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India's Tata Steel rises on strong fourth-quarter production volumes

ReutersApr 8, 2026 8:04 AM

Shares of India's Tata Steel TISC.NS rise 3.35% to 204.84 rupees

The steelmaker reported a 15% jump y/y to 6.25 million tons in domestic fourth-quarter crude steel production volumes, deliveries up 10% YoY at 6.19 million tons

Gains also come amid an improvement in broader market sentiment after U.S. President Donald Trump agreed to a two-week ceasefire with Iran and as the RBI left its rates unchanged

Stock rated "buy" on average by 31 analysts, median PT at 219 rupees, according to LSEG-compiled data

TISC stock up 10.02%, YTD

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