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Buy Tata Steel, target Rs 575: Manas Jaiswal

Buy Tata Steel Ltd. at a price target of Rs 575.0 and a stoploss at Rs 530 from entry point.

ETMarkets.com|
Updated: Apr 30, 2019, 09.10 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Tata Steel Ltd. with a target price of Rs 575. The current market price of Tata Steel Ltd. is Rs 545. Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 530. Tata Steel Ltd., incorporated in 1907, has a market cap of Rs 65624.89 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 31-03-2019, the company has reported a Consolidated sales of Rs 41186.44 Crore, up 1.80 % from last quarter Sales of Rs 40457.11 Crore and up 15.25 % from last year same quarter Sales of Rs 35737.19 Crore Company has reported net profit after tax of Rs 2239.10 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 31-03-2019, 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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