<p>Tata Steel Ltd shares rose more than 5 percent on Friday after its January-March quarterly operating profit beat analyst estimates.</p>.<p>Brokerage IDFC estimated Tata Steel posted an adjusted standalone operating profit of 33 billion rupees in the previous quarter, compared to its forecast of 27.6 billion rupees.</p>.<p>Tata Steel shares gained even as it posted a bigger-than-expected net loss, following a writedown.</p>.<p>Shares at the steel maker were up 4 percent as of 9.57 a.m.</p>
<p>Tata Steel Ltd shares rose more than 5 percent on Friday after its January-March quarterly operating profit beat analyst estimates.</p>.<p>Brokerage IDFC estimated Tata Steel posted an adjusted standalone operating profit of 33 billion rupees in the previous quarter, compared to its forecast of 27.6 billion rupees.</p>.<p>Tata Steel shares gained even as it posted a bigger-than-expected net loss, following a writedown.</p>.<p>Shares at the steel maker were up 4 percent as of 9.57 a.m.</p>