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Tata Steel shares fall 5% on dismal results; brokerages see more challenges ahead

May 21, 2015    

Shares of Tata Steel lost heavily in early trades Thursday, tumbling over 5percent, after the company posted huge losses in its fourth quarter earnings that was announced after the market hours a day before.At 10.56 am, Tata Steel shares were down 5.13percent at Rs 342on the BSE. Over 4.5 lakh shares changed hands as against two week average volumes of 7.31 lakh shares.Tata Steel reported a huge loss of Rs 5,674.29 crore during the quarter ended March compared withRs 1,035.87 crore profit it recorded in the corresponding quarter last year. The company's sales declined 21% year-on-year to Rs 33...

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