Tata Steel Outlook for the Week (April 22, 2024 - April 26, 2024) - Equitypandit (2024)

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Tata Steel Outlook for the Week (April 22, 2024 - April 26, 2024) - Equitypandit (2024)

FAQs

Tata Steel Outlook for the Week (April 22, 2024 - April 26, 2024) - Equitypandit? ›

The initial price target for Tata Steel Ltd in 2024 is projected to be ₹204.52. With favorable market conditions, the mid-year price target for Tata Steel Ltd could reach ₹242.59. By the end of 2024, the price target for Tata Steel Ltd is expected to potentially reach ₹265.43, considering bullish market trends.

What is the target of Tata Steel share in 2024? ›

The initial price target for Tata Steel Ltd in 2024 is projected to be ₹204.52. With favorable market conditions, the mid-year price target for Tata Steel Ltd could reach ₹242.59. By the end of 2024, the price target for Tata Steel Ltd is expected to potentially reach ₹265.43, considering bullish market trends.

What is the future outlook for Tata Steel? ›

Wall Street analysts forecast TATASTEEL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TATASTEEL is 168.17 INR with a low forecast of 131.3 INR and a high forecast of 220.5 INR.

What is the target of Tata Steel? ›

The stock has gained 11.47% in a year. Total 0.44 lakh shares of the firm changed hands amounting to a turnover of Rs 3.91 crore on BSE. Here is a look at what brokerages said on prospects of both metal stocks. Centrum Broking has a price target of Rs 168 on Tata Steel.

Will TATASTEEL give a dividend in 2024? ›

Industrials stocks do not always pay a dividend but as Tata Steel Ltd pays dividends to reward its shareholders. In the quarter ending March 2024, Tata Steel Ltd has declared dividend of ₹3.60 - translating a dividend yield of 2.25%.

Is TATASTEEL worth buying now? ›

There are 5 analysts who have given it a strong buy rating & 9 analysts have given it a buy rating. 3 analysts have given the stock a sell rating.

Is TATASTEEL undervalued? ›

Compared to the current market price of 162.55 INR, Tata Steel Ltd is Undervalued by 13%. What is intrinsic value? Tata Steel Ltd's market capitalization is 2T INR.

Why is TATASTEEL falling so much? ›

Tata Steel's shares fell by nearly 5% post Q4 FY24 results, with consolidated net profit declining by 64.59% to ₹554.56 crore. Revenue dropped in India, Netherlands, and UK, leading to a full-year revenue decrease.

Does TATASTEEL give bonus shares? ›

However, its highest dividend payout was Rs 51 per share in 2022, and cumulatively it paid Rs 63.75 per share in that year. Meanwhile, Tata Steel has issued 1 free bonus share on the existing 1 equity share, taking the ratio to 1:1. Additionally, Tata Steel stock has also turned ex-split in 2022 in the ratio of 10:1.

Will Tata Steel rise in future? ›

Future Growth

Tata Steel is forecast to grow earnings and revenue by 67.6% and 5.1% per annum respectively. EPS is expected to grow by 67.8% per annum. Return on equity is forecast to be 15.9% in 3 years.

What is the future goal of Tata Steel? ›

We aspire to be the most valuable and respected steel company globally by 2030. In pursuit of this goal, we have refreshed our long-term strategies and extended the horizon to 2030. The priority for the next five years is to improve the structural and financial strength of the Company.

What is Tata Steel biggest deal? ›

Tata Steel signs 500 million pound-deal with UK govt for Port Talbot steel plant; 3,000 jobs potentially at risk.

What is the future goal of TATASTEEL? ›

We aspire to be the most valuable and respected steel company globally by 2030. In pursuit of this goal, we have refreshed our long-term strategies and extended the horizon to 2030. The priority for the next five years is to improve the structural and financial strength of the Company.

What is the dividend of Tata Investment share in 2024? ›

Financial Services stocks do not always pay a dividend but as Tata Investment Corporation Ltd pays dividends to reward its shareholders. In the quarter ending March 2024, Tata Investment Corporation Ltd has declared dividend of ₹28 - translating a dividend yield of 0.45%.

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