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Buy Tata Steel, price target Rs 500: Kunal Bothra

The analyst suggested a stoploss at Rs 460 .

Last Updated: Feb 06, 2020, 11.21 AM IST
Independent Analyst Kunal Bothra has a buy call on Tata Steel Ltd. with a target price of Rs 500. The current price of Tata Steel Ltd. is Rs 478.4 Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach defined target. . Kunal Bothra recommended to keep a stoploss at Rs 460.

Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 53542.05 Crore) operating in Metals - Ferrous sector.

Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products which contributed Rs 67213.85 Crore to Sales Value (95.18 % of Total Sales), Power which contributed Rs 1709.51 Crore to Sales Value (2.42 % of Total Sales) and Other Operating Revenue which contributed Rs 1687.56 Crore to Sales Value (2.38 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 33953.75 Crore, down -4.04 % from last quarter Sales of Rs 35382.16 Crore and down -15.77 % from last year same quarter Sales of Rs 40313.03 Crore Company has reported net profit after tax of Rs 3279.87 Crore in latest quarter.

The company’s top management includes Dr.Peter Blauwhoff, Mr.Aman Mehta, Mr.Deepak Kapoor, Mr.Koushik Chatterjee, Mr.N 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 30-06-2019, the company has a total of 1,204,126,385 shares outstanding.

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