Tata Steel stock declined nearly 1% on July 9, Thursday, after provisional production and delivery volumes for the first quarter of FY27 were released. The stock opened at Rs. 189.90 compared to the previous day's closing price of Rs. 188.10, dropping as much as 0.80% to an intraday low of Rs. 186.65 on the BSE, while the Sensex had almost rallied 1% higher.
At 11:34, Tata Steel trades at Rs. 187 with a decline of 0.53%, gaining back some ground after an early fall. The company had released its business update after hours on July 8.
Tata Steel said its Indian crude steel production increased 11% year-on-year in Q1FY27, driven by growth in production in Jamshedpur and Kalinganagar plants. The current quarter's crude steel production in India was 5.82 million tonnes compared to the 5.23 million tonnes in the same quarter last year.
However, production fell sequentially in Q4FY26 to 6.22 MT. Domestic deliveries grew 11% YoY to 5.17 MTs, supported by stronger product mix and marketing franchise. The domestic deliveries decreased by 16.5% on a quarter-on-quarter basis.
Its downstream businesses in tubes, tinplate, wires and colours "remained strong", with volumes being the best they have ever recorded in Q1, the company said. The automotive and special products vertical also had its best-ever Q1 with around 0.9 million tonnes.
“Continued ramp-up of Kalinganagar’s Continuous Annealing and Galvanising lines led to a 20% YoY increase in high-end products, reinforcing our leadership position,” said the company.
Tata Steel's overseas performance continued to be weaker. Production dropped to 1.55 million tonnes from 1.70 million tonnes last year, while deliveries fell to 1.40 million tonnes from the previous year's 1.50 million tonnes. The Dutch Direct Sheet Plant closure in April 2026 had an impact on the company's operations in the Netherlands.
Tata Steel UK deliveries fell to 0.48 million tonnes from 0.60 million tonnes, and Thailand deliveries fell slightly to 0.33 million tonnes.
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Tata Steel shares have delivered more than 51% returns to investors in the last five years, over 67% gains in the last three years, and 17% returns in the last year, according to NSE data.
Although on a year-to-date (YTD) basis in 2026 the company’s stock is up 3%, the shares have lost nearly 8% in one month and have traded flat over the last five trading sessions.
Shares of Tata Steel hit their 52-week high of Rs. 224.40 on May 15, 2026, while the 52-week low was at Rs. 152.51 on August 1, 2025. The company’s market capitalization stands at Rs. 2,33,567 crore.