Buy Tata Steel, target Rs 430: Chandan Taparia
Buy Tata Steel Ltd. at a price target of Rs 430.0 and a stoploss at Rs 400 from entry point.
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 30-09-2019, the company has reported a Consolidated sales of Rs 33953.75 Crore, down -4.04 % from last quarter Sales of Rs 35382.16 Crore and down -15.77 % from last year same quarter Sales of Rs 40313.03 Crore Company has reported net profit after tax of Rs 3279.87 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.