Tata Steel Ltd or Tata Steel Share Price is in the news, as the shares have plunged 1.1% since the market opening. Should you buy or sell? Let’s check company financials, recent news, target price and recommendations.
Tata Steel Share Price in The Market Today
As of today, Suzlon Share price is at Rs 158.00. That is 1.10% down already. The current UC limit is at Rs 175.73 and the LC limit is at Rs 143.78. The total market capitalization of the company stands around Rs 197,452 crores.
Company Financials
The company has already reported its Q4 financials for FY25. It shows a 4.21% fall in the total income of Rs 56,218.11 crores. Though operating profits are up by 1.87% to Rs 3,446.34 crores, and operational margins were at 6.13%. Even, Profit after tax has also jumped by 112.73% to Rs 1,300.81 crores.
Recent News About Tata Steel
- Recently, a GST Notice was issued by the Office of the Commissioner (Audit), Central Tax, Ranchi. The notice alleges that Tata Steel claimed ITC in violation of Section 74(1) of the CGST Act, 2017, and Section 20 of the IGST Act, 2017.
- The company clarified it has already paid ₹514.19 crore as GST in the normal course of business. This amount will be adjusted, reducing the actual exposure to about Rs 493.35 crore. Also, Tata Steel says the notice is ‘without merit’ and does not affect financial or operational activities.
Tata Steel Share Price Target
The Tata Steel Shares have multiple target prices by institutions and analysts. According to S&P Global Market Intelligence and INDmoney, it could touch Rs 162.60 in the coming 12 months. Consensus analyst also suggests the same.
Recommendation on Buy or Sell
According to the moneycontrol website, 55% of the analysts suggest to buy Tata Steel Shares. The 23% suggest holding, and the 13% suggest selling. On the other hand, Consensus analyst suggests buy these stocks.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
