Tata Steel Share Prices are in the news as the stock experiences fluctuations. Tata Steel is one of the leading steel manufacturers in India. Recently the stock has seen a 0.90% dip in the market. How will it perform in the coming days? Let’s find out expert recommendations.
Tata Steel Share Price in Today’s Market
As of today 29th March, Tata Steel Share Price is at Rs 154.24 which is 0.76% lower than Friday’s Opening. Yesterday stocks opened at Rs 155.38 and touched a high of Rs 156.91. The current UC limit is at Rs 170.96 and LC limit is at Rs 139.87. The total market capitalization of the company stands around Rs 1,92,545 Crore.
Company Financials
The company reported its third quarter financial. According to the report, net profit stood at Rs 295.449 Crore this is a decline of 43% compared to Rs 522.14 crore in the same period last year. Total revenue recorded in Q3 is Rs 53648.30 crore, this has also declined by 3%. The current P/E ratio is at 69.79 and Earnings per share is Rs 2.21.
Recent News about Tata Steel
- Tata Steel is currently focusing on more sustainable initiatives. Especially in green steel manufacturing projects aiming to reduce carbon emissions. This will portray the company as environmentally conscious in the market. Despite all these promising developments investor sentiment looks quite low.
- Also, the company is making strategic investments to enhance its competitive edge in the global steel industry.
Tata Steel Share Target Price
According to Consensus Tata Steel could reach Rs 154.24 soon. On the other hand, some suggest it could touch Rs 160.92 by March 20205 and Rs 229.46 by the end of 2025.
Recommendation on Buy or Sell
According to current market conditions and the company’s focus on green initiatives analysts have mixed recommendations. On moneycontrol, 47% of the 30 analysts suggest Buy for Tata Steel shares. On the other hand, 27% suggest Hold and 13% suggest Sell. Consensus also put a Buy tag for this stock.
