Buy Tata Steel, target Rs 475: Dr CK Narayan

INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has a buy call on Tata Steel Ltd
with a target price of Rs 475
The current market price of Tata Steel Ltd
is Rs 463.8
Time period given by the analyst is Intra Day when Tata Steel Ltd
price can reach the defined target
Dr CK Narayan recommended to keep stoploss at Rs 458
Tata Steel Ltd., incorporated in 1907, is a largecap company with a market cap of Rs 55847.35 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 30-09-2018, the company has reported a Consolidated sales of Rs 42946.98 Crore, up 14.73 % from last quarter Sales of
Rs 37434.03 Crore and up 33.79 % from last year same quarter Sales of Rs 32101.03 Crore Company has reported net profit after tax of Rs
3044.89 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 31-12-2018, the company has a total of 1,204,125,710 shares
outstanding.