Buy Tata Steel, target price Rs 1436: HDFC Securities

HDFC Securities has buy call on Tata Steel with a target price of Rs 1436.

The current market price of Tata Steel Ltd. is Rs 1384.8 Time period given by analyst is one week when Tata Steel Ltd. price can reach defined target.

Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 163652.90 Crore) operating in Metals - Ferrous sector.


Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products, Power and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 53534.04 Crore, up 6.54 % from last quarter Total Income of Rs 50249.58 Crore and up 118.68 % from last year same quarter Total Income of Rs 24481.09 Crore. Company reported net profit after tax of Rs 9646.07 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 34.41 per cent stake in the company as of 30-Sep-2021, while FIIs owned 22.38 per cent, DIIs 18.27 per cent.