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Buy Tata Steel, target Rs 580: Manas Jaiswal

Buy Tata Steel Ltd. at a price target of Rs 580.0 and a stoploss at Rs 535 from entry point.

ETMarkets.com|
Updated: Apr 08, 2019, 09.19 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 580. The current market price of Tata Steel Ltd. is Rs 548.35. Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 535. Tata Steel Ltd., incorporated in 1907, is a largecap company with a market cap of Rs 66028.23 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 31-12-2018, the company has reported a Consolidated sales of Rs 40457.11 Crore, down -5.80 % from last quarter Sales of Rs 42946.98 Crore and up 22.23 % from last year same quarter Sales of Rs 33099.95 Crore Company has reported net profit after tax of Rs 1703.08 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.

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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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