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Tata Steel shares rise 7% in two days after strong Q3. Should investors buy now?
Tata Steel shares rose for a second straight session, gaining over 7%, after the company reported strong Q3 results. Consolidated net profit surged 723% YoY to Rs 2,689 crore, while revenue increased 6% YoY to Rs 57,002 crore. However, on a sequential basis, profit fell 13% and revenue declined 3% compared with the previous quarter.
Sources: Economic Times - Markets, Hindu, NDTV +13 more
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