ICICI Direct assigns POS to Tata Metal to target value of Rs 125, target time 3 months

Tata Steel Ltd Stock Outlook

Tata Metal Ltd Inventory Forecast

The current market value of Stock is Rs 107 per piece on BSE with a 0.14% decrease on the day. In line with ICICI Direct, if traders buy Tata Metal Ltd stock at its current market value, it is likely to succeed at Rs 125 per piece with a potential of 17% realization in a three month time period.

Tata Steel Ltd 52 Week High/Low

Tata Metal Ltd Strenghts / Weaknesses

The company has recorded strong annual growth in EPS and is successfully using its capital to generate revenue. RoCE is getting better over the last two years. The company can also successfully use shareholder money – improving return on equity from the last two years. On the subject of weaknesses, MF reduced its stakes last quarter and there is a decline in web revenue with lower revenue margin (QoQ).

Tata Steel Ltd 52 Week High/Low

Tata Metal Ltd 52 weeks hyper/low

The 52-week overstock was recorded at Rs 147 per piece, and the 52-week low was recorded at Rs 82 per piece, respectively.

Tata Steel Ltd 52 Week High/Low

Tata Steel Ltd 52 Week High/Low

Tata Steel Ltd Stock Outlook

Tata Metal Ltd Market Value

The market capitalization of the company is Rs 1,31,398.48 crore.

Tata Steel Ltd Stock Split

Result of Tata Metal Ltd Q1FY23

The company provided consolidated earnings EBITDA of Rs 15,047 crore. On a quarterly basis, EBITDA margin improved to 24% while EBITDA per ton increased by Rs 3,780 to Rs 22,717. The company reported consolidated full revenue of Rs.63,698.15 crore, down 8.50% from last quarter's full revenue of Rs.69,615.70 crore.

Consolidated income after tax was reported at Rs 7,714 crore. Web debt of the company amounted to Rs 54,504 crore.

Narendran TV, Head of Government and General Manager of Tata Metal, stated, “This has been a difficult quarter for the financial system. Global and Indian with rising interest rates, chain constraints and slowdown in China as a result of COVID. Regardless of a number of headwinds, Tata Metal delivered solid efficiency with improved margins.Our strong advertising and marketing franchise and superior modeling company in India have enabled us to focus effectively on home deliveries and boost them to meet the 15% liability imposed on mineral exports in the middle of the quarter.” Tata Steel Ltd Stock Outlook

Tata Steel Ltd Stock Split

) Tata Steel Ltd Stock Outlook

Dissolution of Tata Metal Limited Stock

Earlier this year on July 28, Tata Metal allowed a proposal to separate its shares by 10 to 1 as the main metal posted a 47% rise in consolidated web revenue for three company months ending in March. Shareholders' fingers for every share they own.

Tata Metal Ltd About

The company operates in the metal sector. It was headquartered in 1907 in India as the first non-public combined metals company in Asia. The company was formerly known as Tata Iron and Metal Firm Restricted and is a subsidiary of the Tata Group. The company prides itself on being the second most geographically diverse mineral producer in the world, and operates in 26 international locations throughout the world. Tata Metal Restricted is an Indian International Steel Industry Agency located in Jamshedpur, Jharkhand. It is headquartered in Mumbai, Maharashtra, India.


The stock was selected from the brokerage report of ICICI Direct. Greynium Info Applied sciences, the author, and the respective mediation unit will not be liable for any losses resulting from determinations that are mostly based on the article. Goodreturns.in advises clients to check with licensed professionals before making any financing decision.

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