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HomeSHARE MARKETThis ₹151 Tata Share Will Move Slowly Towards ₹250 Target Price; Don't...

This ₹151 Tata Share Will Move Slowly Towards ₹250 Target Price; Don’t Sell, Hold

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Tata Steel stock: There was a stormy rise in the shares of Tata Group company- Tata Steel (NSE: TATASTEEL) on Friday. 

On the fifth trading day of the week, this share increased by 1 percent to reach the level of Rs 151.45. 

On March 11, 2023, the share went up to the level of Rs 159.50. This is the 52-week high of the stock.

Price Will Go Up To Rs 250

Experts seem bullish on this stock for the last few days. An expert of Mehta Equities is bullish on this stock. 

He hopes that this stock will move slowly but slowly towards the target price of Rs 200-250.

Recently, An expert told that the overall trends are positive. The stock has traded above its important moving average.

At the same time, another expert, has estimated a target of Rs 193 for Tata Steel. According to an expert, Tata Steel’s share price may go up to Rs 169 in the near term.

The Company Will Raise Rs 2700 Crore

Let us tell you that a committee of the Tata Steel Board has approved raising to Rs 2700 crore through debentures.

NCDs are issued on March 27, and their maturity date is March 26th, 2027. Tata Steel Group has a crude steel production capacity of 35 crore tonnes per year.

Announcement Of Closure Of Port Talbot Plant

Recently, Tata Steel announced the closure of coke oven operations at its Port Talbot plant in Britain.

The company plans to increase coke imports to reduce the impact of the closure of coke ovens.

About Tata Steel Ltd 

Tata Steel Limited is an Indian-based steel manufacturer that has an annual capacity for crude steel of around 35 million tons annually.

The company is mostly involved in the production and distribution of steel-related products around the world.

Its Company and its affiliates have a presence throughout the process chain of manufacturing steel beginning with the mining of and processing coal and iron ore to distributing and producing finished products.

Fundamental Analysis of Tata Steel Ltd

Market Cap₹ 1,89,126 Cr.
Current Price₹ 151.45
52-wk High₹ 160
52-wk Low₹ 102
Stock P/E97.7
Book Value₹ 72.5
Dividend2.39 %
ROCE12.6 %
ROE7.28 %
Face Value₹ 1.00
P/B Value2.08
OPM9.70 %
EPS₹ -2.74
Debt₹ 89,723 Cr.
Debt to Equity1.01

Tata Steel Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹145₹215
2025₹216₹305
2026₹314₹355
2027₹385₹422
2028₹450₹519
2029₹550₹612
2030₹650₹722
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Tata Steel Ltd Shareholding Pattern

Promoters Holding
Mar 202333.90%
June 202333.90%
Sept 202333.90%
Dec 202333.70%
Feb 202433.19%
FII Holding
Mar 202320.62%
June 202320.28%
Sept 202320.31%
Dec 202320.01%
Feb  202419.37%
DII Holding
Mar 202320.68%
June 202320.96%
Sept 202322.20%
Dec 202323.15%
Feb  202423.07%
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Govt. Holding
Mar 20230.16%
June 20230.16%
Sept 20230.16%
Dec 20230.16%
Feb 20240.16%
Public Holding
Mar 202324.63%
June  202324.70%
Sept 202323.43%
Dec 202322.99%
Feb 202424.21%

Tata Steel Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 157,669 Cr
2020₹ 139,817 Cr
2021₹ 156,294 Cr
2022₹ 243,959 Cr
2023₹ 233,445 Cr
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Last 5 Years’ Net Profit:

2019₹ 9,122 Cr
2020₹ 1,174 Cr
2021₹ 8,190 Cr
2022₹ 41,749 Cr
2023₹ -3,898 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20191.37
20201.59
20211.1
20220.6
20230.76

Last 10 Years’ Profit Growth:

10 Years:11%
5 Years:3%
3 Years:146%
Current Year:-89%

Last 10 years’ Return on Equity (ROE):

10 Years:11%
5 Years:15%
3 Years:20%
Last Year:7%

Sales Growth Over 10 Years:

10 Years:6%
5 Years:15%
3 Years:20%
Current Year:-7%

Company’s Positive Signs:

  • The Company has been able to maintain an enviable dividend payout of 35.2 percent.

Company’s Negative Signs:

  • Promoter holdings have decreased in this trimester: -0.72%.

Conclusion

This article is a complete guide about Tata Steel Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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