Reduce Tata Steel, target price Rs 827: ICICI Securities

ICICI Securities has reduce call on Tata Steel with a target price of Rs 827. The current market price of Tata Steel Ltd. is Rs 919.25. Time period given by analyst is one year 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 112313.58 Crore) operating in Metals - Ferrous sector.

Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products, Power, Other Operating Revenue and Others for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 69615.70 Crore, up 14.42 % from last quarter Total Income of Rs 60842.72 Crore and up 38.54 % from last year same quarter Total Income of Rs 50249.58 Crore. Company reported net profit after tax of Rs 9675.77 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 33.92 per cent stake in the company as of 30-Jun-2022, while FIIs owned 21.95 per cent, DIIs 19.02 per cent.