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Buy Tata Steel, target Rs 365: Shrikant Chouhan

Buy Tata Steel Ltd. at a price target of Rs 365.0 and a stoploss at Rs 337 from entry point.

ETMarkets.com|
Updated: Sep 06, 2019, 07.51 AM IST
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Shrikant Chouhan of Kotak Securities Limited has a buy call on Tata Steel Ltd. with a target price of Rs 365. The current market price of Tata Steel Ltd. is Rs 345.0 Time period given by analyst is Intra Day when Tata Steel Ltd. price can reach defined target. Shrikant Chouhan recommended to keep stoploss at Rs 337. Tata Steel Ltd., incorporated in 1907, has a market cap of Rs 38863.89 crore.

Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products which contributed Rs 67213.85 Crore to Sales Value (95.18 % of Total Sales), Power which contributed Rs 1709.51 Crore to Sales Value (2.42 % of Total Sales) and Other Operating Revenue which contributed Rs 1687.56 Crore to Sales Value (2.38 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 35382.16 Crore, down -14.09 % from last quarter Sales of Rs 41186.44 Crore and up .79 % from last year same quarter Sales of Rs 35106.07 Crore Company has reported net profit after tax of Rs 649.75 Crore in latest quarter. The company’s top management includes Dr.Peter Blauwhoff, Mr.Aman Mehta, Mr.Deepak Kapoor, Mr.Koushik Chatterjee, Mr.N Chandrasekaran, Mr.O P Bhatt, Mr.Ratan N Tata, Mr.Saurabh Agrawal, Mr.T V Narendran, Mr.V K Sharma, Ms.Mallika Srinivasan. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditoRs As on 30-06-2019, the company has a total of 1,204,126,385 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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