Tata Steel Shares Soar 5% to Record High After Strong Q3 Results

• Tata Steel shares surged 5% to a new record high of Rs 206.34 after reporting robust Q3 FY26 results.
• Consolidated net profit jumped 723% year-over-year to Rs 2,689.70 crore, with revenue up over 6% to Rs 56,646.05 crore.
• Brokerages like JM Financial, Motilal Oswal, and Emkay Global raised target prices, maintaining 'Buy' ratings.
• Indian operations saw significant growth with production and deliveries up 12% and 14% respectively, breaching 6 million tonnes for the first time.
• Improved net profit margin (4.79%) and operating EBITDA margin (14.58%) highlight strong financial performance.