Tata Steel Ltd (NSE:TATASTEEL) (2024)

FAQs

Is Tata Steel a good buy in 2024? ›

Nooresh Merani said that Tata Steel shares can delivered a return of 10 per cent in the short term. The target set by Nooresh Merani for Tata Steel shares is Rs 180. He advised to maintain stop loss at Rs 158.

Tata Steel shares, which scaled a series of unprecedented levels this week, scaled a record peak of Rs 184.2 apiece on BSE on Thursday after the Tata group steel giant in an investor presentation the previous day said that it is “well positioned to grow with purpose and create value” while highlighting bright prospects ...

The initial price target for Tata Steel Ltd in 2025 is projected to be ₹187. With favorable market conditions, the mid-year price target for Tata Steel Ltd could reach ₹177. By the end of 2025, the price target for Tata Steel Ltd is expected to potentially reach ₹211, considering bullish market trends.

Revenue dropped in India, Netherlands, and UK, leading to a full-year revenue decrease. Shares of Tata Steel slumped nearly 5% in today's trade to reach ₹165.50 apiece, a day after the company reported Q4 and FY24 numbers.

Despite challenges in the global steel industry, Tata Steel has demonstrated resilience through its cost optimisation efforts, strategic acquisitions, and focus on value-added products. With the expected revival in infrastructure spending and steel demand, Tata Steel remains a promising bet for investors.

The initial price target for Tata Steel Ltd in 2024 is projected to be ₹154.16. With favorable market conditions, the mid-year price target for Tata Steel Ltd could reach ₹172.35. By the end of 2024, the price target for Tata Steel Ltd is expected to potentially reach ₹183.27, considering bullish market trends.

Future Growth

Tata Steel is forecast to grow earnings and revenue by 70.4% and 5.1% per annum respectively. EPS is expected to grow by 71% per annum. Return on equity is forecast to be 15.9% in 3 years.

Is Tata Steel undervalued? ›

The Intrinsic Value of TATASTEEL stock (172.6 INR) is 4% less than its price (180.02 INR). The DCF Value of TATASTEEL stock (143.51 INR) is 20% less than its price (180.02 INR). TATASTEEL stock price (180.02 INR) is 11% less than its Relative Value (201.69 INR).

Tata Steel Share Price Target for the year 2030 is ₹1820 to ₹2060.

Tata Steel Ltd.

For the year ending March 2024 Tata Steel has declared an equity dividend of 360.00% amounting to Rs 3.6 per share. At the current share price of Rs 181.20 this results in a dividend yield of 1.99%.

In the year 2023, Tata Steel Company's flat steel production capacity was 16 MTPA per annum company fixed the target to increase by 27 MTPA per annum by the year 2030, In the year 2023, long steel production capacity was 5 MTPA per annum company fixed the target to increased 13 MTPA per annum by the year 2030, Crude ...

For the year ending March 2024 Tata Steel has declared an equity dividend of 360.00% amounting to Rs 3.6 per share. At the current share price of Rs 180.02 this results in a dividend yield of 2%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.

It maintained a 'Buy' rating on Tata Motors stock with an unchanged Mar 2025 target price of ₹1,200 per share.

The company has set a target for reducing its GHG emissions by between 2036 and 2050 on a clearly defined scope of emissions. The long-term (2036 to 2050) GHG reduction target covers at least 95% of Scope 1 & 2 emissions and the most relevant Scope 3 emissions (where applicable).