Buy Tata Steel, target price Rs 125: ICICI Direct

Buy Tata Steel, target price Rs 125: ICICI Direct
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Synopsis

Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 129360.03 Crore) operating in Metals - Ferrous sector.

ET Bureau
Promoters held 33.92 per cent stake in the company as of 30-Sep-2022, while FIIs owned 21.95 per cent, DIIs 18.08 per cent.
ICICI Direct has buy call on Tata Steel with a target price of Rs 125. The current market price of . is Rs 105.85.

Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 129360.03 Crore) operating in Metals - Ferrous sector.

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 30-09-2022, the company reported a Consolidated Total Income of Rs 60206.78 Crore, down -5.48 % from last quarter Total Income of Rs 63698.15 Crore and down -.57 % from last year same quarter Total Income of Rs 60553.63 Crore. Company reported net profit after tax of Rs 1195.20 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 33.92 per cent stake in the company as of 30-Sep-2022, while FIIs owned 21.95 per cent, DIIs 18.08 per cent.
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