Rs 51/Share Dividend, 1:10 Split: Buy Tata Stock Under Rs 200; 1K Shares Gave Rs 58,244 Profit In 1-Yr

Leading analysts have assigned buy and reduce call to large cap Tata Group stock, Tata Steel Ltd with highest target price of Rs 177 per share. Last trading price of Tata Steel Ltd share on BSE is Rs 163.35 per share. Axis Securities has given buy call with target price of Rs 177 per share and Kotak Institutional Equities has recommended reduce call with the target price of Rs 140 per share.

The iron & steel sector stock has a market capitalisation of Rs 2,03,917.04 crore. Tata Steel offered shareholders highest ever dividend of Rs 51/per share in 2022 and split value of its share from Rs 10 to Re 1 in 2022 thus becoming affordable and cheaper. Check details below:

How Buying Rs 1000 Share Of Tata Steel Would Give Rs 58,244 In 1-Yr? The price of Tata Steel shares was Rs 104.4 on April 6, 2023. If investors had purchased 1000 shares at the cost of Rs 104.4 per share, they would have got a profit of Rs 58,244 in 1 year considering the stock gave return of 55.76% in last 1-year.

Tata Steel Share Performance & Return: The 52-week high price of Tata Steel stock on BSE is Rs 166.30 per share and 52-week low price is Rs 104.10 per share, respectively. Tata Steel shares zoomed nearly 5% in last 1-week, gave return of 30% in last 6-months, and offered rally of 56% in last 1-year. In last 2-years, Tata Steel shares surged 21% and rallied 88% in last 3-years. The stock gave return of 197% in last 5-years and 331% in last 10-years.

LIC Has Stake in Tata Steel Shares: Life Insurance Corporation Of India has stake in Tata Steel. The PSU holds 7.29% stake or 90,97,67,778 shares, according to data available on BSE.

Tata Steel Technical Analysis: It scores 67.00 and stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically moderately strong. Its RSI is 67.2, RSI below 30 is considered oversold and above 70 overbought. MFI is 81.9, MFI above 80 is considered strongly overbought. It indicates that stock may show pullback. Number of FII/FPI investors declined from 1072 to 1036 in Dec 2023 quarter. Mutual Funds have jumped holdings from 9.44% to 9.83% in Dec 2023 quarter, according to Trendlyne.

Axis Securities Give Buy: Axis Securities has given buy rating to Tata Steel shares with price target in the range of Rs 167-177 per share. The brokerage has recommended to maintain the stop loss at Rs 143. As per the analyst, "Tata Steel has breached the multi-year resistance around Rs 150 level on the weekly chart, suggesting a continuation of the medium-term uptrend. The previous resistance level of Rs 150 is anticipated to now serve as support, adhering to the principle of polarity, thereby establishing a supportive zone for the stock's price action. The stock is trending within an upward sloping channel, recently finding support at the lower band and now heading towards the upper band."

Kotak Institutional Equities Gives Reduce: The analyst has given a reduce rating to Tata Steel share. The brokerage has set the fair value at Rs 140.

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 announced highest ever dividend in 2022 at Rs 51/share and fixed the ex-dividend date as June 15, 2022.

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 announced 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 has been picked from the brokerage report of Axis Securities And Kotak Institutional Securities. Greynium Information Technologies, the author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.