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Sell Tata Steel, target Rs 525: Kunal Bothra

Sell Tata Steel Ltd. at a price target of Rs 525.0 and a stoploss at Rs 562 from entry point.

ETMarkets.com|
Updated: Oct 23, 2018, 09.10 AM IST
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Independent analyst Kunal Bothra has a sell call on Tata Steel Ltd. with a target price of Rs 525. The current market price of Tata Steel Ltd. is Rs 544.95. Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 562
Tata Steel Ltd., incorporated in 1907, is a largecap company with a market cap of Rs 65618.52 crore.
Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products which contributed Rs 51010.53 Crore to Sales Value (95.77 % of Total Sales), Power which contributed Rs 1418.43 Crore to Sales Value (2.66 % of Total Sales), Other Operating Revenue which contributed Rs 696.03 Crore to Sales Value (1.30 % of Total Sales) and Other Services which contributed Rs 135.97 Crore to Sales Value (0.25 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 37434.03 Crore, up 4.75 % from last quarter Sales of Rs 35737.19 Crore and up 27.38 % from last year same quarter Sales of Rs 29386.76 Crore Company has reported net profit after tax of Rs 1888.97 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.T V Narendran, Mr.V K Sharma, Ms.Mallika Srinivasan. Company has Price Waterhouse & Co LLP as its auditoRs As on 30-09-2018, the company has a total of 1,204,119,926 shares outstanding.

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