AgenciesChandan of has buy call on Tata Steel with a target price of Rs 119. The current market price of . is Rs 112.65. Time period given by analyst is Intra Day when 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 130948.02 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
Pole and flag breakout on daily frame and has been consistently positive from the last two months.
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.
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 130948.02 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
Pole and flag breakout on daily frame and has been consistently positive from the last two months.
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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