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Buy Tata Steel, target Rs 660: Shrikant Chouhan

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Shrikant Chouhan of Kotak Securities Limited has a buy call on Tata Steel Ltd.

with a target price of Rs 660.

The current market price of Tata Steel Ltd.

is Rs 620.45.

Time period given by the analyst is Intra Day when Tata Steel Ltd.

price can reach the defined target.

Shrikant Chouhan recommended to keep stoploss at Rs 605. Tata Steel Ltd., incorporated in 1907, is a largecap company with a market cap of Rs 74709.59 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.




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Category: Stock Market


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