Fundamental & Technical View – Tata Steel Ltd
By Usha Kale
April 1, 2021
Company Overview:
- Founder : Jamsetji Tata
- CEO: T.V Narendran
- Founded: 1907
- Large Cap Company, market cap: 91454 (Cr)
- Website: www.tatasteel.com
- Sector: Steel-Large
Fundamental Analysis:
company is the leader of the steel industry. Profit making company, it is in increasing order from last 3 years. Company is debt free. The company has a good dividend track report and has consistently declared dividends for the last 5 years.
| QUARTERLY RESULTS OF TATA STEEL (in Rs. Cr.) | Dec ’20 | Sep ’20 | Jun ’20 | Mar ’20 | Dec ’19 |
|---|---|---|---|---|---|
| Net Sales/Income from operations | 17,669.53 | 16,361.98 | 9,338.78 | 14,211.43 | 14,817.34 |
| Other Operating Income | 296.13 | — | — | — | 444.70 |
| Total Income From Operations | 17,965.66 | 16,361.98 | 9,338.78 | 14,211.43 | 15,262.04 |
| P/L After Tax from Ordinary Activities | 3,614.94 | 2,204.87 | 1,193.27 | -436.83 | 1,803.83 |
Technical View:
Multiyear positive breakout found on chart on monthly basis. Price has given positive breakout with good volume. Buying price @ 790 and keep stop loss @ 777. Then first target will be @ 865 and second target will be @ 911 this chart expecting positive movement for medium-term and long-term.
Disclaimer: Only for educational purposes no recommendation, before taking the entry please take advice of your financial advisor.
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