Sell Tata Steel Limited:

Tata Steel Ltd has officially announced a consolidated sales of Rs. 39,809.05 Cr for the third quarter finished on 31-12-2020, which is 6.51% up from its previous quarter sales of Rs. 37,376.13 Cr and 11.78% up from its previous year same quarter sales of Rs. 35,613.34 Cr. The company has reported a net profit after tax of Rs. 3,922.56 Cr in the previous quarter.

Outlook:

Tata Steel Ltd: Experts suggested sell call at current market price: Rs. 777.15 with a target price: Rs. 765 Stoploss: Rs. 788

Sell Motherson Sumi Systems Limited:

Motherson Sumi Systems Ltd has officially announced a consolidated sales of Rs. 17,157.63 Cr for the third quarter finished on 31-12-2020, which is 14.29% up from its previous quarter sales of Rs. 15,012.49 Cr and 9.01% up from its previous year same quarter sales of Rs. 15,012.49 Cr. The company has reported a net profit after tax of Rs. 1,234.67 Cr in the previous quarter.

Outlook:

Motherson Sumi Systems Ltd: Experts suggested sell call at current market price: Rs. 233.00 with a target price: Rs. 223; Stoploss: Rs. 235.

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