Tata Steel BSL’s rebound has been quick with volume growth coming in at 23% year-on-year
The steel sector is building up a case for a turnaround after a dull first quarter. Tata Steel could rack up profits in Q2 after covid-19 disruptions, showing that the bounce-back has been swift indeed. The decent jump in volumes in Tata Steel BSL Ltd led it to post a sharp recovery in the September quarter and return to profitability. The sharp recovery is helping the Tata Steel stock, which gained 2.4% in October, though it is still down 26% from the pre-covid highs.
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