MUMBAI Feb 13 Shares in India's Tata Steel Ltd
fell as much as 2.5 percent on Wednesday on worries
the steel maker will report a October-December net loss later in
the day, several traders said.
Tata Steel could post a net loss of 745 million rupees
($13.81 million) versus wider consensus estimates for a 842
million rupees net profit, according to Thomson Reuters StarMine
SmartEstimate data, which measures the forecasts from top-ranked
analysts against wider forecasts.
Traders said expectations have been lowered in recent
sessions, with markets bracing for a potential net loss from
Tata Steel shares were last down 2.3 percent at 375.8 rupees
at 0937 GMT
($1 = 53.9300 Indian rupees)
(Reporting by Manoj Dharra and Abhishek Vishoi; Editing by