Synopsis
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 131619.86 Crore) operating in Metals - Ferrous sector.
AgenciesICICI Direct has buy call on Tata Steel with a target price of Rs 125. The current market price of Tata Steel Ltd. is Rs 106.35. Time period given by analyst is 3 months when Tata Steel Ltd. price can reach defined target.
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 131619.86 Crore) operating in Metals - Ferrous sector.
Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products, Power, Other Operating Revenue and Others for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 63698.15 Crore, down -8.50 % from last quarter Total Income of Rs 69615.70 Crore and up 18.99 % from last year same quarter Total Income of Rs 53534.04 Crore. Company reported net profit after tax of Rs 7554.48 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to resume its primary up trend and head towards Rs 125 levels in coming months as it is the 80% retracement of the April-June 2022 decline (|138-84)
Promoter/FII Holdings
Promoters held 33.92 per cent stake in the company as of 30-Jun-2022, while FIIs owned 21.95 per cent, DIIs 19.02 per cent.
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