Time period given by analyst is 30 days 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 159059.16 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-2020.
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.
Investment Rationale
The share price of Tata Steel is witnessing buying demand after a forming a higher base around 100 days EMA and the previous breakout area as can be seen in the adjacent chart, thus offers fresh entry opportunity.
Promoter/FII Holdings
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.
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