Saturday, October 24, 2020

Tata Steel | Potential Outperformer | Price Outlook



Stock/Share Price: 423

➽ In this article we will discuss recent development in the StockShare of TATASTEEL in the Stock Market. Tatasteel was also advised at 379 on 15 October 2020 and currently trading at 423 up more than 10%. Our both upside level are nearly achieved. Seeing its new upside potential, today a fresh article is written with revised upside potential. Tatasteel is still a undervalued stock and can be bought for long term time horizon too.

Recent Key Strengths

Top Indian Exporters among Listed Companies

283.6% returns for Nifty 500 over 6.3 years

Book Value per share Improving for last 2 years

Strong Momentum: Price above short, medium and long term moving averages

Recent Weaknesses

Annual net profit declining for last 2 years

Major fall in TTM Net Profit

Fall in Quarterly Revenue and Net Profit (YoY)

Highest promoter stock pledges

Technical Chart 

tatasteel ,

Tata Steel stock is trading in a strong uptrend with good price momentum. Recent price move indicates that stock can now test 448 ,478 levels in upside. 

So long position can be made in the stock in every price correction for the potential upside level of 448 and 478 in the short term time period.

Recent Valuation Summary

tatasteel ,

Recent Annual Results

tatasteel ,

Key Balance Sheet Summary

tatasteel ,

Thanks for your Precious Time.

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r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.

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