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.
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.