Despite a positive market backdrop, **Tata Steel** shares fell ~1%, lagging both the Sensex and peers. The underperformance came even as metals stocks were gaining broadly. Weak guidance, global steel price concerns, and margin pressures were cited as headwinds. Traders said profit booking in the steel pack may have pulled the heavyweight down. The stock’s weakness dampened the broader metals index’s upside late in the session.
Despite a positive market backdrop, **Tata Steel** shares fell ~1%, lagging both the Sensex and peers. The underperformance came even as metals stocks were gaining broadly. Weak guidance, global steel price concerns, and margin pressures were cited as headwinds. Traders said profit booking in the steel pack may have pulled the heavyweight down. The stock’s weakness dampened the broader metals index’s upside late in the session.
Tata Steel declines ~1% while broader metals and market rally, lagging peers.
Despite a positive market backdrop, **Tata Steel** shares fell ~1%, lagging both the Sensex and peers. The underperformance came even as metals stocks were gaining broadly. Weak guidance, global steel price concerns, and margin pressures were cited as headwinds. Traders said profit booking in the steel pack may have pulled the heavyweight down. The stock’s weakness dampened the broader metals index’s upside late in the session.
Despite a positive market backdrop, **Tata Steel** shares fell ~1%, lagging both the Sensex and peers. The underperformance came even as metals stocks were gaining broadly. Weak guidance, global steel price concerns, and margin pressures were cited as headwinds. Traders said profit booking in the steel pack may have pulled the heavyweight down. The stock’s weakness dampened the broader metals index’s upside late in the session.