/Buy Tata Steel, target price Rs 715: Motilal Oswal

Buy Tata Steel, target price Rs 715: Motilal Oswal

Motilal Oswal has buy call on with a target price of Rs 715. The current market price of Tata Steel Ltd. is Rs 685.15.

Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 82488.72 Crore) operating in Metals – Ferrous sector.

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 37153.99 Crore, up 52.97 % from last quarter Sales of Rs 24288.51 Crore and up 9.43 % from last year same quarter Sales of Rs 33953.75 Crore Company reported net profit after tax of Rs 1591.52 Crore in latest quarter.

Investment Rationale
Moving northwards and negated its downward trend

Promoter/FII Holdings
Promoters held 34.4 per cent stake in the company as of Sept 30, 2020, while FIIs held 11.5 per cent, DIIs 30.1 per cent and public and others 24 per cent.

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