Buy Tata Steel for Long Term.TATA STEEL HAS GIVEN BREAKOUT IN LARGER TIME FRAME.
First Target : 165
Second Target : 225
Tata Steel is a manufacturing company of Tata Group engaged in steel manufacturing sectors. It has a strong brand name, yet the share price hasn’t seen an uptick in the past few years. The company has given an average return on equity of 15 per cent in ten years.
As per the official report, the company posted a revenue of Rs 62,962 crore, a decline of 9.18% in the March quarter and a net profit of Rs 1,705 crore. Looking at its past, the company has been showing steady growth for the last few years.
The current share price is up 8.6% in one month and the expected share price can reach Rs 155.20 by the end of year 2023. Market experts and our analysis suggest that this is a good stock to hold for the long term.
The company has strong fundamentals and is always in demand in construction and other sectors. The current dividend yield of Tata Steel is 4.80%, which means that the company generates profits year after year.
The financial results of the company are good and we can expect good returns. If Tata Steel manages to maintain its 2021 record, we can see the stock price hitting new highs in 2025 as well as in 2028.
