Buy Tata Steel, target price Rs 150: JM Financial
Tata Steel with a target price of Rs 150. The current market price of Tata Steel Ltd.
is Rs 134.4.
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 165891.08 Crore) operating in Metals — Ferrous sector.
Tata Steel Ltd.
key Products/Revenue Segments include Steel & Steel Products, Power, Other Operating Revenue and Others for the year ending 31-Mar-2023.
Financials For the quarter ended 30-09-2023, the company has reported a Consolidated Total Income of Rs 55910.16 Crore, down -7.84 % from last quarter Total Income of Rs 60666.48 Crore and down -7.14 % from last year same quarter Total Income of Rs 60206.78 Crore.
Company has reported net profit after tax of Rs -6614.06 Crore in latest quarter.
Promoter/FII Holdings Promoters held 33.9 per cent stake in the company as of 30-Sep-2023, while FIIs owned 20.31 per cent, DIIs 22.1 per cent.
