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Buy Tata Steel, target Rs 594: Dr CK Narayan

Buy Tata Steel Ltd. at a price target of Rs 594.0 and a stoploss at Rs 577 from entry point.

ETMarkets.com|
Updated: Nov 13, 2018, 08.58 AM IST
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Dr CK Narayan of Chart Advise has a buy call on Tata Steel Ltd. with a target price of Rs 594. The current market price of Tata Steel Ltd. is Rs 582.9. 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 577. Tata Steel Ltd., incorporated in 1907, is a largecap company with a market cap of Rs 70188.15 crore.

Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products which contributed Rs 51010.53 Crore to Sales Value (95.77 % of Total Sales), Power which contributed Rs 1418.43 Crore to Sales Value (2.66 % of Total Sales), Other Operating Revenue which contributed Rs 696.03 Crore to Sales Value (1.30 % of Total Sales) and Other Services which contributed Rs 135.97 Crore to Sales Value (0.25 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 37434.03 Crore, up 4.75 % from last quarter Sales of Rs 35737.19 Crore and up 27.38 % from last year same quarter Sales of Rs 29386.76 Crore Company has reported net profit after tax of Rs 1888.97 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.T V Narendran, Mr.V K Sharma, Ms.Mallika Srinivasan. Company has Price Waterhouse & Co LLP as its auditoRs As on 30-09-2018, the company has a total of 1,204,119,926 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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