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Neutral Tata Steel Ltd. For Target Rs.160 By Motilal Oswal Financial Services Ltd Robust India business growth drives EBITDA beat  Standalone performance * 2QFY25 revenue stood at INR324b (-5% YoY/-2% QoQ), in line with our estimate of INR326. The QoQ decline was due to weak realization. * Steel production stood at 5.27mt, whereas deliveries stood at 5.1mt (+6% YoY/+3% QoQ) against our estimate of 5.06mt. ASP stood at INR63,404/t (-11% YoY/-5% QoQ) vs. our estimate of INR64,325/t. * EBITDA stood at INR66b (-4% YoY/-2% QoQ), better than our estimate of INR5...
Neutral Tata Steel Ltd. For Target Rs.160 By Motilal Oswal Financial Services Ltd
Neutral Tata Steel Ltd. For Target Rs.160 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-24 11:13:57 am
Company Update : Tata Steel Ltd - Motilal Oswal Financial Services Robust India business performance drives EBITDA beat Highlights of standalone results: * Revenue stood at INR324b (-5% YoY/-2% QoQ), in line with our estimate of INR326. The QoQ decline was due to weak realization. * Steel production stood at 5.27mt, whereas deliveries stood at 5.1mt (+6% YoY/ +3% QoQ) against our estimate of 5.06mt. * ASP stood at INR63,404/t (-11% YoY/-5% QoQ) vs. our estimate of INR64,325/t. * EBITDA stood at INR66b (-4% YoY/-2% QoQ), bet...
Company Update : Tata Steel Ltd - Motilal Oswal Financial Services
Company Update : Tata Steel Ltd - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-11-21 03:01:12 pm
Neutral Tata Steel Ltd For Target Rs. 157 by Yes Securities Ltd Results Synopsis Tata Steel's Q2FY25 performance was above the consensus expectations, primarily driven by volumes and falling coking coal prices, which offset the declines in NSR on a QoQ basis. Net revenue from operations decreased by 1.6% QoQ and 3.2% YoY, with EBITDA down 8.3% QoQ and up 43% YoY. Raw material costs were higher on a standalone basis due to change in value of chrome ore inventory. The company’s Kalinganagar 5.0 mtpa brownfield expansion remains on schedule, ...
Neutral Tata Steel Ltd For Target Rs. 157 by Yes Securities Ltd
Neutral Tata Steel Ltd For Target Rs. 157 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-20 05:33:34 pm
Buy Tata Steel Ltd For Target Rs. 175 By JM Financial Services Beat driven by Indian ops; UK losses to narrow Tata steel reported consol. EBITDA of INR55bn, significantly higher than JMfe of INR48bn driven by strong performance in the Indian operations. India business witnessed a decline in realisations leading to a fall in EBITDA/t by INR0.8k/t to INR13.5k/t. Europe losses widened to USD75/t in 2Q as against USD28/t in 1Q. The company reported profit of INR2.8bn during 2Q. Net debt increased by INR66bn to INR888bn during 2Q primarily on count of high...
Buy Tata Steel Ltd For Target Rs. 175 By JM Financial Services
Buy Tata Steel Ltd For Target Rs. 175 By JM Financial Services
Source: JM Financial Services Ltd
2024-11-08 04:00:30 pm
Tata Steel gains on turning black in Q2 Tata Steel is currently trading at Rs. 154.40, up by 0.80 points or 0.52% from its previous closing of Rs. 153.60 on the BSE. The scrip opened at Rs. 156.40 and has touched a high and low of Rs. 156.80 and Rs. 153.80 respectively. So far 2838974 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 184.60 on 18-Jun-2024 and a 52 week low of Rs. 118.55 on 08-Nov-2023. Last one week high and low of the scrip stood at Rs...
Tata Steel gains on turning black in Q2
Tata Steel gains on turning black in Q2
Source: Accord Fintech
2024-11-07 02:14:50 pm
Tata Steel bounces back with Rs 833 crore net profit in Q2 Tata Steel Ltd on Wednesday reported a net profit of Rs 833 crore for the July-Sept quarter (Q2) of the current financial year to bounce back from a loss of Rs 6,196 crore in the same quarter last year.   The company’s revenue from operations in the quarter fell 3 per cent year-on-year to Rs 53,905 crore. The company reported an EBITDA of Rs 6,141 crore during the second quarter while margins stood at 11.4 per cent. Tata Steel has been making losses in its UK business. The...
Tata Steel bounces back with Rs 833 crore net profit in Q2
Tata Steel bounces back with Rs 833 crore net profit in Q2
Source: IANS
2024-11-07 09:25:46 am
Stock Picks : HDFC Life Insurance Company Ltd And Tata Steel Ltd By ICICI Direct HDFC Life Insurance Company Ltd Buy HDFC Life Insurance Company Ltd @ 740-742 Target 749.50 Stop Loss 736.70   Tata Steel Ltd Buy Tata Steel Ltd @ 154-155 Target 156.50 Stop Loss 153.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : HDFC Life Insurance Company Ltd And Tata Steel Ltd By ICICI Direct
Stock Picks : HDFC Life Insurance Company Ltd And Tata Steel Ltd By ICICI Direct
Source: ICICI Direct
2024-10-21 10:20:57 am
Sensex may touch magical 1 lakh mark this year itself: Economists With the Sensex surpassing 85,000 for the first time, economists said on Tuesday that the Indian Indices can even reach the historic 1-lakh mark this year itself, given the robust bull run, strong investors' sentiment and sound fundamentals.  Domestic equities crossed another milestone with Sensex crossing above 85,000 and Nifty crossing 26,000, reflecting robust buying across sectors. Dr Manoranjan Sharma, Chief Economist at Infomerics Ratings, told IANS that Sensex crossing t...
Sensex may touch magical 1 lakh mark this year itself: Economists
Sensex may touch magical 1 lakh mark this year itself: Economists
Source: IANS
2024-09-25 08:47:11 am
Metal stocks zoom after China announces stimulus for struggling economy Metal stocks zoomed on the BSE after China announced stimulus for its struggling economy. People’s Bank of China (PBOC) China's central bank said it will cut the reserve requirement ratio (RRR) for banks by 50 basis points or half a percentage point. Additionally, the central bank will lower the seven-day reverse repurchase rate to 1.5% from 1.7%.  Tata Steel is currently trading at Rs. 160.20, up by 6.25 points or 4.06% from its previous closing of Rs. 153.95 on the BSE. ...
Metal stocks zoom after China announces stimulus for struggling economy
Metal stocks zoom after China announces stimulus for struggling economy
Source: Accord Fintech
2024-09-24 02:27:28 pm
Tata Steel rises on signing Euro 500 million Grant Funding agreement with UK Government Tata Steel is currently trading at Rs. 149.30, up by 1.15 points or 0.78% from its previous closing of Rs. 148.15 on the BSE. The scrip opened at Rs. 151.95 and has touched a high and low of Rs. 152.40 and Rs. 148.75 respectively. So far 1320066 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 184.60 on 18-Jun-2024 and a 52 week low of Rs. 114.25 on 02-Nov-2023. Last one week high and low of the scrip stood at Rs...
Tata Steel rises on signing Euro 500 million Grant Funding agreement with UK Government
Tata Steel rises on signing Euro 500 million Grant Funding agreement with UK Government
Source: Accord Fintech
2024-09-12 03:11:34 pm
Linde India zooms on entering into agreement to acquire Tata Steel`s industrial gas supply assets Linde India is currently trading at Rs. 7504.25, up by 301.65 points or 4.19% from its previous closing of Rs. 7202.60 on the BSE. The scrip opened at Rs. 7399.00 and has touched a high and low of Rs. 7641.60 and Rs. 7374.25 respectively. So far 9864 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9909.00 on 22-May-2024 and a 52 week low of Rs. 5320.00 on 18-Jan-2024. Last one week high and low of the scrip sto...
Linde India zooms on entering into agreement to acquire Tata Steel`s industrial gas supply assets
Linde India zooms on entering into agreement to acquire Tata Steel`s industrial gas supply assets
Source: Accord Fintech
2024-09-05 10:51:36 am
Stock Picks : Hindustan Petroleum Corporation Ltd And Tata Steel Ltd By ICICI Direct Hindustan Petroleum Corporation Ltd Buy Hindustan Petroleum Corporation Ltd @ 426.50-427.50 Target 432.00 Stop Loss 424.60   Tata Steel Ltd Buy Tata Steel Ltd @ 151.70-152.00 Target 150.00 Stop Loss 153.20   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindustan Petroleum Corporation Ltd And Tata Steel Ltd By ICICI Direct
Stock Picks : Hindustan Petroleum Corporation Ltd And Tata Steel Ltd By ICICI Direct
Source: ICICI Direct
2024-09-04 11:11:57 am
SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday. The company is in active talks with Bank of America, Citi, JP Morgan and Morgan Stanley to manage the offer and plans to list on the Indian bourses in the second half of 2025, its Chief Financial Officer Bhavesh Keswani said. The initial public offeri...
SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says
SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says
Source: Reuters
2024-09-03 04:59:08 pm
Tata Steel gains on acquiring 26% stake in TP Parivart Tata Steel is currently trading at Rs. 154.75, up by 1.75 points or 1.14% from its previous closing of Rs. 153.00 on the BSE. The scrip opened at Rs. 153.05 and has touched a high and low of Rs. 155.20 and Rs. 153.05 respectively. So far 1342467 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 184.60 on 18-Jun-2024 and a 52 week low of Rs. 114.25 on 02-Nov-2023. Last one week high and low of the scrip stood at Rs...
Tata Steel gains on acquiring 26% stake in TP Parivart
Tata Steel gains on acquiring 26% stake in TP Parivart
Source: Accord Fintech
2024-08-30 12:38:07 pm
NEUTRAL Tata Steel Ltd For Target Rs. 169 By Yes Securities Result Synopsis Tata Steel’s Q1FY25 performance was broadly in line with the consensus estimates despite lower volumes. The standalone business saw falling volumes on a QoQ basis however the realizations witnessed a Rs 800/t fall vs Rs 1,000-1,500/t steel price corrections that were witnessed during the quarter. The standalone operations remained strong with an EBITDA/t of Rs 13,670/t. The European operations saw losses negate substantially as the Netherlands blast furnace was commis...
NEUTRAL Tata Steel Ltd For Target Rs. 169 By Yes Securities
NEUTRAL Tata Steel Ltd For Target Rs. 169 By Yes Securities
Source: Yes Securities Ltd
2024-08-22 11:43:05 am
Tata Steel moves up on acquiring further stake in T Steel Holdings Tata Steel is currently trading at Rs. 146.95, up by 0.75 points or 0.51% from its previous closing of Rs. 146.20 on the BSE. The scrip opened at Rs. 148.30 and has touched a high and low of Rs. 149.00 and Rs. 146.50 respectively. So far 1739581 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 184.60 on 18-Jun-2024 and a 52 week low of Rs. 114.25 on 02-Nov-2023. Last one week high and low of the scrip stood at Rs...
Tata Steel moves up on acquiring further stake in T Steel Holdings
Tata Steel moves up on acquiring further stake in T Steel Holdings
Source: Accord Fintech
2024-08-16 02:10:02 pm
UK provides $17.3 million to protect Tata Steel's Port Talbot workers Britain will grant 13.5 million pounds ($17.31 million) in funding to support Tata Steel's workers and supply chain businesses at Port Talbot in South Wales facing job losses, the government said on Thursday. Workers suspended a planned all-out strike after Britain's biggest steel producer warned that it would bring forward the planned closure of its two blast furnaces at Port Talbot if the walkouts went ahead. The closure would cut up to 2,800 jobs. "Negotiations with Tata...
UK provides $17.3 million to protect Tata Steel's Port Talbot workers
UK provides $17.3 million to protect Tata Steel's Port Talbot workers
Source: Reuters
2024-08-15 12:11:08 pm
Factbox-Indian ownership of British companies India's Bharti Enterprises said on Monday it would acquire a 24.5% stake in BT, worth 3.2 billion pounds ($4 billion), to buy out the British company's top investor Patrick Drahi. Here is a look at some other Indian companies that own British firms. * TATA GROUP The Indian business behemoth owns the UK-based luxury carmaker Jaguar Land Rover, while Tata Steel has plants in Britain, including the Port Talbot facility. In 2023, Tata announced a more than 4 billion pound ($5....
Factbox-Indian ownership of British companies
Factbox-Indian ownership of British companies
Source: Reuters
2024-08-13 09:16:18 am
Neutral Tata Steel Ltd For Target Rs. 1,025 By Motilal Oswal Financial Services Revenue in line; marginal beat on earnings driven by lower costs Standalone performance * Tata Steel (TATA)’s revenue stood at INR330b (-7% YoY/-10% QoQ), largely in line with our estimate of INR340. Lower volumes and weak realization led to the QoQ decline. ASP stood at INR66,720/t (-10% YoY/-1% QoQ) vs. our estimate of INR68,815/t. * EBITDA was INR68b (+2% YoY/-16% QoQ), marginally better than our estimate of INR66b, thanks to lower input costs. * EBITDA/t came in at INR13...
Neutral Tata Steel Ltd For Target Rs. 1,025 By Motilal Oswal Financial Services
Neutral Tata Steel Ltd For Target Rs. 1,025 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-08-10 11:02:39 am
Indian steelmakers seek to soften proposed import curbs on key raw material  Indian steelmakers want the government to soften proposed import restrictions on metallurgical coke, a key ingredient in steelmaking, saying the curbs will hit steel mills' capacity expansion, a letter from the Indian Steel Association, seen by Reuters on Friday, said. India, the world's second-biggest producer of crude steel, in April proposed a country-specific import quota to cap annual imports of low ash metallurgical coke, also known as met coke, at 2.85 million metric t...
Indian steelmakers seek to soften proposed import curbs on key raw material
Indian steelmakers seek to soften proposed import curbs on key raw material
Source: Reuters
2024-08-09 03:54:05 pm
Britain prioritising jobs in Tata Steel talks - minister Britain's new government is prioritising avoiding job losses in talks with Tata Steel over government backing for a transition to lower-carbon technologies, business minister Jonathan Reynolds said on Sunday. Tata, Britain's biggest steel producer, started closing one of its carbon-intensive blast furnaces on Thursday while the shutdown of its other one is slated for September, resulting in the loss of up to 2,800 jobs at Port Talbot in South Wales. The new government will need ...
Britain prioritising jobs in Tata Steel talks - minister
Britain prioritising jobs in Tata Steel talks - minister
Source: Reuters
2024-07-08 04:59:04 pm
Buy Tata Steel Ltd For Target Rs. 180 By JM Financial Services Reduced losses in Europe drive beat; growth capex on track Tata steel reported consol. EBITDA of INR70bn, higher than JMfe of INR62bn. The outperformance was largely on account of sharp reduction in losses in European operations. India business reported QoQ decline in EBITDA/t to INR15k/t driven by lower realisation. Europe continued to report EBITDA loss – albeit sharply lower losses at USD37/t vs. loss of USD178/t in 3Q due to improved spreads. The company reported profit of INR5bn...
Buy Tata Steel Ltd For Target Rs. 180 By JM Financial Services
Buy Tata Steel Ltd For Target Rs. 180 By JM Financial Services
Source: JM Financial Services
2024-07-07 04:04:41 pm
Neutral Tata Steel Ltd For Target Rs.160 By Motilal Oswal Financial Services Beat on earnings; Tata EU performance set to improve further Standalone performance * Revenue stood at INR366b (YoY/QoQ: -4%/+5%) against our estimate of INR359b, primarily driven by improved volumes, which was offset by muted realization. ASP stood at INR67,592/t (YoY/QoQ: -15%/-5%) as compared to our estimate of INR68,961/t during the quarter. * EBITDA stood at INR80b (YoY/QoQ: -7%/-2%), against our estimate of INR74b. The beat was due to lower raw material costs. EBITDA/t stood at IN...
Neutral Tata Steel Ltd For Target Rs.160 By Motilal Oswal Financial Services
Neutral Tata Steel Ltd For Target Rs.160 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-03 02:33:59 pm
NEUTRAL Tata Steel Ltd. For Target Rs.169 - Yes Securities Europe to progress well; Indian operations to remain steady Result Synopsis Tata Steel’s Q4FY24 performance was beat on EBITDA owing to strong Indian business performance clubbed with reduction in losses in the company’s European business. The Indian operations saw falling net sales realizations per tonne and saw coking coal impact to be minimal owing to a better blend. The standalone operations remained strong with EBITDA/t hovering over the long term Rs 15,000/t range gui...
NEUTRAL Tata Steel Ltd. For Target Rs.169 - Yes Securities
NEUTRAL Tata Steel Ltd. For Target Rs.169 - Yes Securities
Source: Yes Securities Ltd.
2024-07-01 04:49:33 pm
India steel, trade ministries in talks over rising Chinese imports, says source India's steel and trade ministries are in talks over rising imports, particularly cheap Chinese goods, a government source with direct knowledge of the matter said on Saturday, amid persistent calls for higher tariffs from top producers. India turned net steel importer in the fiscal year that ended in March and the trend continues with its finished steel imports scaling a five-year high in April and May, according to provisional government data. India imported 1.1 million metric ton...
India steel, trade ministries in talks over rising Chinese imports, says source
India steel, trade ministries in talks over rising Chinese imports, says source
Source: Reuters
2024-07-01 09:38:29 am
Sensex trades flat on negative global cues   India equity indices opened flat on Thursday following negative cues from global markets.  At 9:45 a.m., Sensex was up 20 points at 78,694 and Nifty was up 9 points at 23,877. Midcap and smallcap stocks are outperforming compared to largecaps. The Nifty Midcap 100 index is at 55,429, up 183 points or 0.33 per cent, and the Nifty Smallcap 100 index is at 18,334, up 35 points or 0.20 per cent. The market trend remains positive. On NSE, out of total 1278 shares are in gre...
Sensex trades flat on negative global cues
Sensex trades flat on negative global cues
Source: IANS
2024-06-27 11:39:38 am
NEUTRAL Tata Steel Ltd. For Target Rs. 169 - Yes Securities Europe to progress well; Indian operations to remain steady… Result Synopsis Tata Steel’s Q4FY24 performance was beat on EBITDA owing to strong Indian business performance clubbed with reduction in losses in the company’s European business. The Indian operations saw falling net sales realizations per tonne and saw coking coal impact to be minimal owing to a better blend. The standalone operations remained strong with EBITDA/t hovering over the long term Rs 15,000/t ra...
NEUTRAL Tata Steel Ltd. For Target Rs. 169 - Yes Securities
NEUTRAL Tata Steel Ltd. For Target Rs. 169 - Yes Securities
Source: Yes Securities Ltd.
2024-06-26 03:38:13 pm
Sensex, Nifty trade lower, IndusInd Bank and Tata Steel top losers India equity benchmarks opened in red on Monday as heavyweights like IndusInd bank, Tata Steel, SBI, and JSW Steel are top losers. At 9:41 am, Sensex was down 430 points or 0.56 per cent, 76,779, and Nifty was down 134 points or 0.57 per cent, 23,366. Overall sentiment in the market is negative. On NSE, Out of total stocks 1,492 shares are in the red and 716 in the green. There is also a decline in small and medium stocks. The Nifty Midcap 100 index fell 428 points or 0.76 per cent t...
Sensex, Nifty trade lower, IndusInd Bank and Tata Steel top losers
Sensex, Nifty trade lower, IndusInd Bank and Tata Steel top losers
Source: IANS
2024-06-24 10:48:31 am
Stock Picks : Tata Steel Ltd. And DLF Ltd. By ICICI Direct Tata Steel Ltd.     Buy Tata Steel Ltd.@ 178-178.50 Target 180.50 Stop Loss 177.20   DLF Ltd.     Sell DLF Ltd @ 856-858 Target 850.00 Stop Loss 862.50   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Tata Steel Ltd. And DLF Ltd. By ICICI Direct
Stock Picks : Tata Steel Ltd. And DLF Ltd. By ICICI Direct
Source: ICICI Direct
2024-06-24 10:42:52 am
Stock Picks : Tata Steel Ltd. And AB Capital Ltd. By ICICI Direct Tata Steel Ltd.     Buy Tata Steel Ltd @181.80-182.30 Target 184.40 Stop Loss180.70    AB Capital Ltd.     Buy AB Capital Ltd. @ 242.50-243.50 Target 246.20 Stop Loss 241.30   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Tata Steel Ltd. And AB Capital Ltd. By ICICI Direct
Stock Picks : Tata Steel Ltd. And AB Capital Ltd. By ICICI Direct
Source: ICICI Direct
2024-06-21 11:08:22 am
Sensex trades higher on positive global cues  Indian frontline indices opened in green on Thursday following positive global cues. At 9:50 am, Sensex was up 375 points, or 0.50 per cent, at 74,724. Nifty was up 105 points or 0.47 per cent, at 22,725. Overall market trends remain positive. Out of the total stocks, 1949 are trading in green and 209 in red. Midcap and smallcap stocks are trading with positive bias. The Nifty midcap 100 index is up 1,022 points or 1.99 per cent, at 52,285 and the Nifty smallcap 100 index is up...
Sensex trades higher on positive global cues
Sensex trades higher on positive global cues
Source: IANS
2024-06-06 10:44:30 am
Tata Steel declines on reporting 65% fall in Q4 consolidated net profit Tata Steel is currently trading at Rs. 166.95, down by 7.25 points or 4.16 % from its previous closing of Rs. 174.20 on the BSE. The scrip opened at Rs. 172.90 and has touched a high and low of Rs. 172.90 and Rs. 166.80 respectively. So far 2145394 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 178.00 on 27-May-2024 and a 52 week low of Rs. 105.65 on 31-May-2023. Last one week high and low of the scrip stood at...
Tata Steel declines on reporting 65% fall in Q4 consolidated net profit
Tata Steel declines on reporting 65% fall in Q4 consolidated net profit
Source: Accord Fintech
2024-05-30 12:06:31 pm
Sensex slips 139 points on negative global cues  Indian frontline indices Sensex and Nifty opened in the red, following negative global cues from US and Asian peers. At 9:45 a.m., Sensex was trading 139 points or 0.19 per cent lower at 73,865 points and Nifty was down 25 points or 0.11 per cent, at 22,476 points. Nifty Midcap 100 was down 84 points or 0.16 per cent, at 51,784 points and Nifty Small 100 was down 35 points or 0.21 per cent, at 16,975 points. In early trade, the India Volatility Index (India VIX) was up 7.21 per...
Sensex slips 139 points on negative global cues
Sensex slips 139 points on negative global cues
Source: IANS
2024-05-21 11:58:35 am
Stock Picks : Reliance Industries??????? Ltd And Tata Steel??????? Ltd By ICICI Direct Reliance Industries Ltd. Buy Reliance Industries Ltd. @ 2872-2875 Target 2903.00 Stop Loss 2859.00   Tata Steel Ltd.   Buy Tata Steel Ltd. @ 168.20-168.80 Target 170.50 Stop Loss 167.30     Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Reliance Industries??????? Ltd And Tata Steel??????? Ltd By ICICI Direct
Stock Picks : Reliance Industries??????? Ltd And Tata Steel??????? Ltd By ICICI Direct
Source: ICICI Direct
2024-05-21 11:26:37 am
Malabar Gold and Diamonds receives Prestigious Legal Era - Indian Legal Award Malabar Gold and Diamonds, the world's 6th largest jewellery group and ranked 19th in Deloitte's Global Ranking of Luxury Products, receives the country's prestigious 13th Annual Legal Era-Indian Legal Awards in the legal category. The company has been bestowed with the coveted 'Compliance and Risk Management Team of the Year 2023-24' award, underscoring its commitment to legal excellence and ethical business practices. In a competitive landscape featuring prominent cor...
Malabar Gold and Diamonds receives Prestigious Legal Era - Indian Legal Award
Malabar Gold and Diamonds receives Prestigious Legal Era - Indian Legal Award
Source: PR Agency
2024-05-09 12:54:47 pm
Tata Steel gains after its arm inks MoU with Hygenco Tata Steel is currently trading at Rs. 166.95, up by 0.50 points or 0.30% from its previous closing of Rs. 166.45 on the BSE. The scrip opened at Rs. 168.20 and has touched a high and low of Rs. 168.20 and Rs. 164.70 respectively. So far 829738 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 170.70 on 03-May-2024 and a 52 week low of Rs. 104.10 on 19-May-2023. Last one week high and low of the scrip stood at Rs....
Tata Steel gains after its arm inks MoU with Hygenco
Tata Steel gains after its arm inks MoU with Hygenco
Source: Accord Fintech
2024-05-06 11:38:09 am
Stock Picks : GAIL Ltd And Tata Steel Ltd By ICICI Direct GAIL Ltd Buy GAIL Ltd @203.50-204.50 Target 207.00 Stop Loss 202.70   Tata Steel Ltd Sell Tata Steel Ltd @162.50-163.00 Target 165.00??????? Stop Loss 161.30     Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : GAIL Ltd And Tata Steel Ltd By ICICI Direct
Stock Picks : GAIL Ltd And Tata Steel Ltd By ICICI Direct
Source: ICICI Direct
2024-04-22 11:16:45 am
Add Tata Steel Ltd For Target Rs. 153 By Yes Securities Result Synopsis Tata Steel’s Q3FY24 performance came in above the consensus estimates on account of better cost mix especially on the coking coal front. The European operations, however, continue to remain a drag with the heavy-end loss making assets in UK continuing to bleed the company on the cash front. In the midst of the Q3FY24 results, the focus was on the company’s plan to restructure it’s UK operations which have been financially destructive on the company’s...
Add Tata Steel Ltd For Target Rs. 153 By Yes Securities
Add Tata Steel Ltd For Target Rs. 153 By Yes Securities
Source: Yes Securities Ltd.
2024-04-11 10:53:31 am
Tata Steel India clocks record production Tata Steel India recorded its highest annual crude steel production at 20.8 million metric tons in 2023-24, which represents a 4 per cent increase over the corresponding figure of the previous year, provisional data released by the company shows. In the Jan-March quarter crude steel production was broadly stable and stood at around 5.38 million tonnes. Domestic deliveries grew by 9 per cent year-on-year driven by the higher demand for steel in the country. However, Tata Steel continu...
Tata Steel India clocks record production
Tata Steel India clocks record production
Source: IANS
2024-04-06 02:56:34 pm
Neutral Tata Steel Ltd. For Target Rs.135.5* By Sushil Financial Services We have coverage on TATA STEEL LTD. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.161 today.With the recent run-up in the share price (67% return), we are now changing our rating on the stock to Neutral.   Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Neutral Tata Steel Ltd. For Target Rs.135.5* By Sushil Financial Services
Neutral Tata Steel Ltd. For Target Rs.135.5* By Sushil Financial Services
Source: Sushil Financial Services
2024-04-02 02:31:49 pm
Real estate, metal stocks lead sectoral gainers Real estate stocks are the top sectoral gainers on Monday with the index up more than 3 per cent. The BSE Real Estate Index is up 3.86 per cent led by Prestige Estates which is up almost 7 per cent. DLF is up more than 5 per cent, Sobha is up more than 5 per cent, and Lodha is up more than 3 per cent. Prestige Estates was up almost 7 per cent after it announced a strategic deal with the Abu Dhabi Investment Authority (ADIA) and Kotak AIF. The Rs 2,001 crore ($240 million) deal is dedica...
Real estate, metal stocks lead sectoral gainers
Real estate, metal stocks lead sectoral gainers
Source: IANS
2024-04-01 03:17:20 pm
Metals stocks gain after ICRA says primary non-ferrous metal industry`s earnings to remain stable in FY25 Metals stocks gained on the BSE, after credit rating agency ICRA in its latest report has said that primary non-ferrous metal industry’s earnings would remain stable in FY2025, considering steady movement in realisations and an easing of input cost pressure to an extent. The domestic demand growth is expected to remain healthy at around 10% in FY2025 and would significantly outpace the expected growth of around 2% in global demand. The operating margin of domestic players is also likely...
Metals stocks gain after ICRA says primary non-ferrous metal industry`s earnings to remain stable in FY25
Metals stocks gain after ICRA says primary non-ferrous metal industry`s earnings to remain stable in FY25
Source: Accord Fintech
2024-03-28 03:58:46 pm
Tata Steel gains on raising Rs 2,700 crore via NCDs Tata Steel is currently trading at Rs. 153.45, up by 1.15 points or 0.76% from its previous closing of Rs. 152.30 on the BSE. The scrip opened at Rs. 152.65 and has touched a high and low of Rs. 153.80 and Rs. 152.05 respectively. So far 997875 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.50 on 11-Mar-2024 and a 52 week low of Rs. 101.65 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs....
Tata Steel gains on raising Rs 2,700 crore via NCDs
Tata Steel gains on raising Rs 2,700 crore via NCDs
Source: Accord Fintech
2024-03-27 02:25:36 pm
Buy Tata steel Ltd. For Target Rs. 145 By JM Financial Services India beat driven by inventory movement, Europe continues to be a drag Tata steel reported consol. EBITDA of INR57.4bn, ~22% higher than JMfe of INR47bn. The out-performance was largely on of account Indian operations amidst sustained losses in European operations. India business reported QoQ increase in EBITDA/t to INR16.9 k/t on account of favourable movement in closing inventory. Europe continued to report EBITDA loss of USD178/t vs. loss of USD168/t in 2Q due to delay in relining of BF...
Buy Tata steel Ltd. For Target Rs. 145 By JM Financial Services
Buy Tata steel Ltd. For Target Rs. 145 By JM Financial Services
Source: JM Financial Services
2024-03-26 03:03:57 pm
Stock of the day : Tata Steel Ltd For Target Rs.161- Religare Broking Tata Steel Ltd * Metal stocks have regained their upward momentum and TATASTEEL is offering a fresh buying opportunity. * The stock has rebounded higher finding support around its short term moving average (50 DEMA) which has acted as key support in the past. * It has formed a fresh buying pivot above the 20 DEMA, highlights bullish tone to continue. * We thus recommend creating fresh longs in the mentioned range. Buy  Indus Towers  Ltd  C...
Stock of the day : Tata Steel Ltd For Target Rs.161- Religare Broking
Stock of the day : Tata Steel Ltd For Target Rs.161- Religare Broking
Source: Religare Broking
2024-03-26 10:12:44 am
Nifty correcting despite big buying by institutional investors Trends are emerging in the market decline on Tuesday as the Nifty corrected by more than 1 per cent even when institutions were big buyers, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. DII buying was Rs 7449 crore and FII buying was Rs 1421 crore. TCS bulk sales by Tata Sons cloud this institutional activity. The important point is that there has been profit booking by HNIs and retail investors which pulled the market down. SEBI’s warning about elevat...
Nifty correcting despite big buying by institutional investors
Nifty correcting despite big buying by institutional investors
Source: IANS
2024-03-20 11:51:03 am
Tata Steel rises as its arm to cease operations of coke ovens at Port Talbot plant Tata Steel is currently trading at Rs. 149.90, up by 0.30 points or 0.20 % from its previous closing of Rs. 149.60 on the BSE. The scrip opened at Rs. 149.55 and has touched a high and low of Rs. 152.55 and Rs. 147.55 respectively. So far 4088558 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.50 on 11-Mar-2024 and a 52 week low of Rs. 101.65 on 29-Mar-2023. Last one week high and low of the scrip stood at R...
Tata Steel rises as its arm to cease operations of coke ovens at Port Talbot plant
Tata Steel rises as its arm to cease operations of coke ovens at Port Talbot plant
Source: Accord Fintech
2024-03-19 02:39:15 pm
Steel stocks trade under pressure on prospects of lower consumption Steel industry stocks were under pressure on the BSE, as credit rating agency Icra in its latest report has said that India's domestic steel consumption growth is likely to come down to 7-8 per cent in the next financial year (FY25) against an estimated 12-13 per cent this fiscal (FY24) due to moderate government spending during the election period. It stated elevated input costs, import pressures, along with softer steel prices are expected to sequentially pull down the steel industry...
Steel stocks trade under pressure on prospects of lower consumption
Steel stocks trade under pressure on prospects of lower consumption
Source: Accord Fintech
2024-03-11 12:29:03 pm