According to reports from ET Now, Tata Steel is scheduled to hold a board meeting on October 27, 2026, to consider and approve its financial results for the second quarter of the current financial year (Q2 FY27). The meeting has been formally announced through an exchange filing, indicating the company's commitment to timely financial disclosure. As per the latest exchange filing, the board meeting will specifically consider and take on record the audited Standalone and unaudited Consolidated financial results of the Company for the quarter and half year ended September 30, 2026.
As reported by ET Now, the board meeting on October 27, 2026, would likely declare the Q2 results during the session. The company has followed proper regulatory procedures by filing the board meeting notice with the stock exchanges, ensuring transparency in its financial reporting process. The board will consider and approve both Q2FY27 and H1FY27 earnings during the board meeting scheduled on the Q2 results date.
According to Nuvama research, Tata Steel's EBITDA per tonne may decline on sequential basis in Q2 FY27. However, the company is expected to outperform peers due to better margin resilience in the September 2026 quarter. Nuvama identifies Tata Steel as an outperformer backed by stronger volume growth, e-auction realisations and relatively better margin resilience. The brokerage expects Tata Steel's EBITDA per tonne to decline by around ₹610 per tonne, which is the lowest decline among steel companies covered by Nuvama. Nuvama also expects Tata Steel Europe to turn EBITDA-positive at around $7 per tonne in Q2 from a loss of $17 per tonne in Q1, helped by higher prices and lower costs in the Netherlands.
According to latest market data, Tata Steel shares finished lower at ₹175.50 per share on Friday. The stock has corrected over 5% in one month, more than 17% in six months, and around 3.50% in YTD. However, the Tata Group stock has delivered around a 2% return over the past year. Technical analysis by KC Securities shows that Tata Steel shares are looking weak but a trend reversal is visible around the current support zone of ₹172 to ₹170 per share. The stock is facing a hurdle in the ₹180 to ₹181 band. On breaking above this resistance on a closing basis, the target price is expected to reach ₹196 per share. Existing shareholders are advised to hold the scrip with a stop-loss at ₹168 for the upside target of ₹196, while fresh investors can buy at around ₹175 with a short-term target of ₹196, maintaining a strict stop-loss at ₹168.
