Tata Steel Q2 Review: Goldman Sachs Hikes Target; HSBC, Jefferies Remain Bullish After Earnings Beat
Tata Steel moved higher in a quarterly results development for FY27.
· NDTV Profit
The Tata group steelmaker posted consolidated net profit of Rs 3,666 crore in the second quarter of FY27, registering a growth of 58% from Rs 2,318 crore in the preceding quarter.
Key facts
- Period
- FY27
The analysis
Tata Steel reported Rs 3,666 crore and Rs 2,318 crore for FY27, with movement of 58% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.7% on the day at ₹185.04, and has returned +1.4% over three months. It sits 16% below its 52-week high. The metals & mining sector has moved -6.7% over the same period, so Tata Steel is running 8.1 points ahead of its peers.
For Tata Steel, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Tata Steel (TATASTEEL), in Metals & Mining.
- Over three months: Tata Steel +1.4% against Metals & Mining -6.7% (8.1 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Tata SteelTATASTEEL · Metals & Mining | ₹185.04 | -0.7% | +10.6% | +1.4% | -16.3% | 1.3× | — |
Metals & Mining
1M +1.7% · 3M -6.7%
Tata Steel
Prices as of 9 Nov 2026, 12:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Tata Steel dips 1.5% after 5-day rally; brokerages stay upbeat on India biz
Tata Steel Q2 Results: Net Profit Up 58%, Beats Estimates; Noel Tata To Retire As Vice Chairman
Muhurat Trading 2026: Tata Steel, Sun Pharma, BSE among top gainers as Nifty 50, Sensex swing between gains and losses
Tata Steel Q2 earnings preview: Revenue pegged at Rs 64,152 crore, stock trading flat
Top stocks to watch today: Tata Steel, Adani Enterprises, Marico shares in focus on Monday, 9 November | Full list