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    Buy Tata Steel, target price Rs 1436: HDFC Securities

    Synopsis

    Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 163652.90 Crore) operating in Metals - Ferrous sector.

    Tata Steel (1)
    Promoters held 34.4 per cent stake in the company as of March 31, 2021, while FIIs held 18.6 per cent, DIIs 25.4 per cent and public and others 21.6 per cent.
    HDFC Securities has buy call on Tata Steel with a target price of Rs 1436.

    The current market price of Tata Steel Ltd. is Rs 1384.8 Time period given by analyst is one week 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 163652.90 Crore) operating in Metals - Ferrous sector.

    Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products, Power and Other Operating Revenue for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 53534.04 Crore, up 6.54 % from last quarter Total Income of Rs 50249.58 Crore and up 118.68 % from last year same quarter Total Income of Rs 24481.09 Crore. Company reported net profit after tax of Rs 9646.07 Crore in latest quarter.


    Promoter/FII Holdings
    Promoters held 34.41 per cent stake in the company as of 30-Sep-2021, while FIIs owned 22.38 per cent, DIIs 18.27 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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