Tata Steel Q1 Results: Profit, while up 51% year-on-year to ₹960 crore, fell short of Street forecasts of ₹994 crore. Revenue also took a hit, declining 8% to ₹54,771 crore. In a separate development, the board greenlit a ₹35 crore infusion into Tata Power Renewable Energy’s subsidiary, TP Parivart, acquiring a 26% equity stake.
Over 800 smallcaps end the week in red. 116 stocks fall in double-digits up to 43%
BSE Smallcap fell 2% last week, with 821 stocks declining up to 43%. Market sentiment remained weak due to US recession fears and tariff wars.