Fundamental & Technical View – Tata Steel Ltd

Founder : Jamsetji Tata

CEO:  T.V Narendran

Founded: 1907

Large Cap Company, market cap: 91454 (Cr)

Website: www.tatasteel.com

Sector: Steel-Large

Fundamental View

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 ’20SEP ’20JUN ’20MAR ’20DEC ’19
Net Sales/Income from operations17,669.5316,361.989,338.7814,211.4314,817.34
Other Operating Income296.13444.7
Total Income From Operations17,965.6616,361.989,338.7814,211.4315,262.04
P/L After Tax from Ordinary Activities3,614.942,204.871,193.27-436.831,803.83

Technical Analysis

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.

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