|
17 Dec 2025 |
Tata Steel
|
Consensus Share Price Target
|
170.09 |
184.97 |
- |
8.75 |
buy
|
|
|
|
|
08 Feb 2023
|
Tata Steel
|
SMC online
|
170.09
|
|
111.45
(52.62%)
|
|
Results Update
|
|
|
|
|
08 Feb 2023
|
Tata Steel
|
ICICI Securities Limited
|
170.09
|
120.00
|
111.45
(52.62%)
|
Target met |
Accumulate
|
|
|
Tata Steel’s (TSL) Q3FY23 consolidated EBITDA of Rs.40.5bn (down 75% YoY) was below street estimates though in line with ours. Key points: 1) lower coking coal prices offset the impact of lower steel realisations, which lifted domestic EBITDA/te; 2) TSE operations were impacted by NRV loss of GBP55mn on slab inventory in Europe; 3) consolidated debt was static at Rs717bn;
|
|
08 Feb 2023
|
Tata Steel
|
Axis Direct
|
170.09
|
120.00
|
111.45
(52.62%)
|
Target met |
Hold
|
|
|
Recommendation: In light of the drag from TSE, we downgrade Tata Steel from BUY to HOLD
|
|
02 Nov 2022
|
Tata Steel
|
ICICI Securities Limited
|
170.09
|
98.00
|
101.25
(67.99%)
|
|
Hold
|
|
|
Tata Steel’s (TSL) Q2FY23 consolidated EBITDA of Rs.60.6bn (down 62% YoY) was below street estimates.
|
|
02 Nov 2022
|
Tata Steel
|
Axis Direct
|
170.09
|
110.00
|
101.25
(67.99%)
|
Target met |
Hold
|
|
|
The TP implies an upside potential of 9% from the CMP. We maintain our HOLD rating on the stock.
|
|
02 Nov 2022
|
Tata Steel
|
SMC online
|
170.09
|
|
104.75
(62.38%)
|
|
Results Update
|
|
|
|
|
02 Nov 2022
|
Tata Steel
|
ICICI Direct
|
170.09
|
110.00
|
101.25
(67.99%)
|
Target met |
Hold
|
|
|
|
|
02 Nov 2022
|
Tata Steel
|
IDBI Capital
|
170.09
|
105.00
|
101.25
(67.99%)
|
Target met |
Hold
|
|
|
|
|
01 Nov 2022
|
Tata Steel
|
BOB Capital Markets Ltd.
|
170.09
|
125.00
|
101.25
(67.99%)
|
Target met |
Buy
|
|
|
Weak Q2 results as cost adjustments lagged prices; European operations saw a sharper pullback from a stronger Q1
|
|
01 Nov 2022
|
Tata Steel
|
Motilal Oswal
|
170.09
|
94.00
|
101.25
(67.99%)
|
|
Neutral
|
|
|
|