Buy Tata Steel, target Rs 503: Manas Jaiswal
Buy Tata Steel Ltd. at a price target of Rs 503.0 and a stoploss at Rs 480 from entry point.
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 30-09-2018, the company has a total of 1,204,119,926 shares outstanding.