Shares of Tata Metaliks Ltd fell as much as 6.8 per cent to Rs 541.8, their lowest since March 2017.
The pig iron manufacturer posted a nearly 35 per cent fall in June-quarter consolidated profit on Monday as ~10 per cent rise in raw material cost drove expenses higher.
The stock is on track for its third straight session of losses.
Up to last close, shares have fallen 6.3 per cent this year, while its peer JSW Steel is down 11.7 per cent in the same period.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.