Highest Rs 51/Share, Lowest Rs 3.60/Share Dividend: Buy Tata Stock For Rs 200 TP, Wins Railway Order

Four analysts appear upbeat on Tata Group metal stock, Tata Steel Ltd and assigned buy and accumulate call with highest target price of Rs 200. Current market price of Tata Steel share on BSE is Rs 163.50 per share with intraday fall of 1.00%. The company has a market capitalisation of Rs 2,04,104.29 crore.

Tata Steel recommended its highest dividend of Rs 51/share in 2022 and lowest dividend in its entire history in 2023 at Rs 3.60/share, respectively. Last trading price of Tata Steel shares on BSE is Rs 163.50 per share. Tata Steel stock offered return of 21% in last 3-months and 206% in last 5-years. More details below:

Tata Steel Wins Order From Indian Railways: According to a report Tata Steel recently bagged massive railways order worth Rs 333.48 crore. The report stated, Tata Steel bagged 2nd highest supply quantity of 52,753 MT of steel being secured by the Indian Railways for Rs 333.48 crore. The steel procured will reportedly be used in fabrication of railways wagons, foot over bridges, coaches etc. Meanwhile, Steel Authority of India bagged railway order worth 891.17 crore, highest. After Tata Steel, Jindal Steel and Power secured order worth Rs 105.06 crore.

Tata Steel Gets Buy, Accumulate Call From 3 Analysts: Prabhudas Lilladher has recommended accumulate call to Tata Steel share with target price of Rs 170 apiece. Jefferies has buy call on Tata Steel share and upgraded the target price to Rs 200 from Rs 165 earlier. Jefferies appears upbeat on Indian metal firms after the latest revival in the global manufacturing activity, including in the US and China. Meanwhile, Axis Securities has given buy rating to Tata Steel shares with price target in the range of Rs 167-177 per share. Religare has assigned buy call with the target price of Rs 177 apiece. Religare said, "we are seeing a renewed buying interest in the metal pack and Tata Steel is leading from the front.

Tata Steel Shares Rally In 1-Yr & Profit: Tata Steel shares was priced at Rs 104.4 on April 6, 2023. If investors had bought 1000 shares of Tata Steel at the cost of Rs 104.4 per share, they would have earned a profit of Rs 54,235.8 lakh in 1 year as the stock offered return of 51.95% in last 1-year.

Tata Steel Share Performance & Return: The 52-week high price of Tata Steel stock on BSE is Rs 169.75 apiece and 52-week low price is Rs 104.10 apiece, respectively. Tata Steel shares gave return of 7% in last 1-month, soared 30% in last 1-month, zoomed 51.95% in last 1-year, and soared 92% in last 3-years. In last 5-years, Tata Steel shares surged 206%

LIC Stake in Tata Steel: Life Insurance Corporation Of India has stake in Tata Steel. The PSU has 7.29% stake with 90,97,67,778 shares, as per data available on BSE.

Tata Steel Technical Analysis: It scores 67.7 and stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically moderately strong. Its RSI is 64.0, RSI below 30 is considered oversold and above 70 overbought. MFI is 72.6, MFI above 80 is considered strongly overbought. It indicates that stock may show pullback, according to Trendlyne.

Tata Steel Dividend History: Tata Steel declared 29 dividends since May 24, 2001. In the last 12 months, Tata Steel declared an equity dividend of Rs 3.60 per share. At the current share price of Rs 155.15, Tata Steel's dividend yield is 2.20%, as per data available at Trendlyne.

Tata Steel Stock Split History: Tata Steel split the face value 1 time since July 28, 2022. Tata Steel last split the face value of its shares from Rs 10 to Re 1 in 2022. The share has been quoting on an ex-split basis from July 28, 2022.

Tata Steel Financials: The large cap company for the quarter ended December 31, 2023 declared its consolidated net profit at Rs 522.14 crore from the net loss of Rs 2501.95 crore announced in the corresponding quarter of last year amid robust domestic demand offsetting weakness in Europe.

Tata Steel declared a net loss of Rs 6511.16 crore for Q2 as a result of impairment charges. Tata Steels' consolidated revenue from operations for December 2023 quarter fell 3% to Rs 55,311.9 crore as compared to Rs 57,083.56 crore declared in the same quarter of preceding year. Sequentially, consolidated revenue from operations fell 0.7% from Rs 55,681.93 crore in the preceding quarter.

Disclaimer: The stock just highlights rally in shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.