Buy Tata Steel, target price Rs 120.7: ICICI Direct

ICICI Direct has buy call on Tata Steel NSE -0.63 % with a target price of Rs 120.7. The current market price of Tata Steel is Rs 118.55.

ICICI Direct recommended to keep stop loss at R 117.9.  Tata Steel, incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 145178.85 Crore) operating in Metals - Ferrous sector.

Tata Steel key Products/Revenue Segments include Steel & Steel Products, Power, Other Operating Revenue and Others for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 60206.78 Crore, down -5.48 % from last quarter Total Income of Rs 63698.15 Crore and down -57% from last year same quarter Total Income of Rs 60553.63 Crore. Company has reported net profit after tax of Rs

1195.20 Crore in latest quarter.