Buy Tata Steel, target Rs 625: Kunal Bothra

INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on Tata Steel Ltd
with a target price of Rs 625
The current market price of Tata Steel Ltd
is Rs 589.35
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 570
Tata Steel Ltd., incorporated in 1907, is a largecap company with a market cap of Rs 70964.78 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 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 30-06-2018, the company has a total of 1,204,119,440 shares outstanding