Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,921.50-96.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy Tata Steel, target Rs 475: Dr CK Narayan

Buy Tata Steel Ltd. at a price target of Rs 475.0 and a stoploss at Rs 458 from entry point.

ETMarkets.com|
Updated: Jan 24, 2019, 09.03 AM IST
0Comments
ThinkStock Photos
buysell2
Dr CK Narayan of Chart Advise has a buy call on Tata Steel Ltd. with a target price of Rs 475. The current market price of Tata Steel Ltd. is Rs 463.8. Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 458. Tata Steel Ltd., incorporated in 1907, is a largecap company with a market cap of Rs 55847.35 crore.
Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products which contributed Rs 57614.48 Crore to Sales Value (95.20 % of Total Sales), Power which contributed Rs 1690.60 Crore to Sales Value (2.79 % of Total Sales), Other Operating Revenue which contributed Rs 1066.14 Crore to Sales Value (1.76 % of Total Sales) and Other Services which contributed Rs 148.15 Crore to Sales Value (0.24 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 42946.98 Crore, up 14.73 % from last quarter Sales of Rs 37434.03 Crore and up 33.79 % from last year same quarter Sales of Rs 32101.03 Crore Company has reported net profit after tax of Rs 3044.89 Crore in latest quarter. The company’s top management includes Dr.Peter Blauwhoff, Mr.Aman Mehta, Mr.Deepak Kapoor, Mr.Koushik Chatterjee, Mr.Natarajan 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 31-12-2018, the company has a total of 1,204,125,710 shares outstanding.

Also Read

Buy Biocon, target Rs 274: CK Narayan

Buy Biocon, target Rs 273: CK Narayan

Buy Escorts, target Rs 690: CK Narayan

Buy Voltas, target Rs 710: CK Narayan

Buy ITC, target Rs 272: CK Narayan

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
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.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service