JP Morgan sees Tata Steel's operating profit rising further January-March
Tata Steel Ltd's consolidated operating profit is set to improve further in Jan-Mar helped by contracts it has signed with automobile companies at higher prices, and the impact of price hikes, JP Morgan said. The steel-maker's consolidated profitability surged 53% sequentially, and was 2.6 times higher on year, to an all-time high of 95.40 bln rupees in the December quarter.