Buy Tata Steel BSL, target price Rs 107: Yes Securities

Yes Securities has buy call on Tata Steel BSL with a target price of Rs 107. The current market price of Tata Steel BSL Ltd. is Rs 98.55. Time period given by analyst is Intra Day when Tata Steel BSL price can reach defined target.

Tata Steel BSL Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 10,781.32 Crore) operating in Metals - Ferrous sector.

Tata Steel BSL Ltd. key Products/Revenue Segments include HR/CR Coils/Sheets/Strips, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 7,884.46 Crore, up 7.29 % from last quarter Total Income of Rs 7,348.66 Crore and up 190.92 % from last year same quarter Total Income of Rs 2,710.17 Crore. Company reported net profit after tax of Rs 2,478.00 Crore in latest quarter.

Investment Rationale
After multi-month sideways consolidation, the stock has regained positive traction. Sustenance above Rs 98 could lift the stock to revisit levels of Rs 106.