Stock to Buy, Sept 25: Buy Tata Group Stock That Declined 3% In 1-Week, TP Rs 135: PL

Renowned brokerage firm Prabhudas Lilladher on September 25 picked large cap Tata Group's metal stock, Tata Steel Ltd to buy with target price of Rs 135 per share. Current market price of Tata Steel share is Rs 127.15 apiece. In last 2-weeks, Tata Steel shares declined 3.01%. The analyst has recommended investors to keep the stop loss at Rs 124 per share. Tata Steel stock offered shareholders return of 24% in last 6-months and soared 22% in last 1-year. Check details below:

Tata Steel Shares Performance & Return Over Years: Current market price of Tata Steel share on BSE is Rs 127.15 per share. Its 52-week high price is Rs 134.85 apiece and 52-week low price is Rs 95.00 per share, respectively. The company has a market capitalisation of Rs 1,55,742.73 crore at the time of writing this story. Tata Steel stock offered shareholders return of 16% in last 3-months, gained 7% YTD, offered return of 261% in last 3-years, and surged 112% in last 5-years. Tata Steel shares declined 3.01% in last 2-weeks, fell 2.57% in last 1-week, and slipped 0.07% in last 2-years.

Tata Steel Financials: The company for the quarter ended June 30, 2023 saw its consolidated profits plunging by 92% year-on-year to Rs 634 crore. The company announced a profit of Rs 7765 crore in the year ago corresponding quarter. Its consolidated total revenue from operations declined 6.21% to Rs 59,489.66 crore for the quarter ended June 30 as against Rs 63,430.07 crore in Q1 FY2023. The steel major revenues declined as a result of lower volumes which were partially offset by higher realisations across geographies. Consolidated profit after tax or PAT was reported at Rs 525 crore.

Tata Steel About: Tata Steel, with an annual crude steel capacity of 34 million tonnes per annum (MnTPA), is one of the world's most geographically diversified steel producers. We are one of the few steel operations that are fully integrated - from mining to the manufacturing and marketing of finished products, as per its official website.

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher. 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.