Buy Tata Steel Ltd. target Rs 383.0 : Rupak De

Rupak De of IIFL has a buy call on Tata Steel Ltd. with a target price of Rs 383. The current market price of Tata Steel Ltd. is Rs 367.1. Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach defined target. IIFL recommended to keep stoploss at Rs 359. Tata Steel Ltd., incorporated in 1907, has a market cap of Rs 41353.44 crore.

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 30-06-2019, the company has reported a Consolidated sales of Rs 35382.16 Crore, down -14.09 % from last quarter Sales of Rs 41186.44 Crore and up .79 % from last year same quarter Sales of Rs 35106.07 Crore Company has reported net profit after tax of Rs 649.75 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.