Tata Steel shares rise 1.6% as Q1 results beat estimates

Tata Steel is a big steel company in India.

On July 31, 2026, it announced its first-quarter earnings for the year ending June 30, 2026.

The company made more money than people expected, so its shares went up about 1.6%.

The earnings were higher because sales in India were strong, but the company also spent more on raw materials.

In Europe, the company still lost money, but the losses were smaller than before.

Analysts from Morgan Stanley and JPMorgan gave the company different price targets for its shares.