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Sell Tata Steel, target Rs 544: Jay Thakkar

Sell Tata Steel Ltd. at a price target of Rs 544.0 and a stoploss at Rs 580 from entry point.

ETMarkets.com|
Updated: Jun 14, 2018, 09.09 AM IST
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Jay Thakkar of Anand Rathi has a sell call on Tata Steel Ltd. with a target price of Rs 544. The current market price of Tata Steel Ltd. is Rs 567.5 Time period given by analyst is Intra Day when Tata Steel Ltd. price can reach defined target. Jay Thakkar recommended to keep stoploss at Rs 580.
Tata Steel Ltd., incorporated in 1907, is a largecap company with a market cap of Rs 68333.78 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 31-03-2018, the company has reported a Consolidated sales of Rs 35737.19 Crore, up 7.97 % from last quarter Sales of Rs 33099.95 Crore and up 6.92 % from last year same quarter Sales of Rs 33424.09 Crore Company has reported net profit after tax of Rs 14629.45 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, Ms.Mallika Srinivasan. Company has Price Waterhouse & Co LLP as its auditoRs As on 31-03-2018, the company has a total of 1,204,119,440 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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