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Buy Tata Steel, target Rs 579: Kunal Bothra

Buy Tata Steel Ltd. at a price target of Rs 579 and a stoploss at Rs 548 from entry point.

ETMarkets.com|
Updated: May 02, 2019, 09.06 AM IST
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Independent analyst Kunal Bothra has a buy call on Tata Steel Ltd. with a target price of Rs 579. The current market price of Tata Steel Ltd. is Rs 556.45. Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 548. Tata Steel Ltd., incorporated in 1907, has a market cap of Rs 67003.61 crore.

Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products which contributed Rs 57614.48 Crore to Sales Value (95.20 % of Total Sales), Power which contributed Rs 1690.60 Crore to Sales Value (2.79 % of Total Sales), Other Operating Revenue which contributed Rs 1066.14 Crore to Sales Value (1.76 % of Total Sales) and Other Services which contributed Rs 148.15 Crore to Sales Value (0.24 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 41186.44 Crore, up 1.80 % from last quarter Sales of Rs 40457.11 Crore and up 15.25 % from last year same quarter Sales of Rs 35737.19 Crore Company has reported net profit after tax of Rs 2239.10 Crore in latest quarter. The company’s top management includes Dr.Peter Blauwhoff, Mr.Aman Mehta, Mr.Deepak Kapoor, Mr.Koushik Chatterjee, Mr.Natarajan 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 31-03-2019, the company has a total of 1,204,126,385 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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