Tata Steel Share Price: Stock falls 5% even as profit jumps over two-fold to Rs 2,965 crore in Q4

Shares of Tata Steel opened gap down with a fall of 2.24 per cent at Rs 211.95 against the previous close of Rs 216.80 on the BSE as benchmark indices tumbled in early trade amid weak global cues as fresh escalation in tensions in West Asia resulted in surge in oil prices. The stock tumbled further amid profit and touched the low of Rs 205.10, representing a fall of 5.39 per cent. Last seen, the stock was trading at Rs 209.30 with a fall of Rs 7.50 or 3.46 per cent. The market cap of the company stood at Rs 2,60,966.37 crore. The action in the stock comes amid a spurt in trading volume by more than 1.02 times.