ICICI Direct has given Buy recommendation for Tata Steel recommended buy rating on the stock with a target price of Rs 1400 in its research repo with a target price of Rs. 1400 in its research report issued on Dec 13, 2021
ICICI Direct’s research report on Tata Steel
Tata Steel group is among the top global steel companies with an annual steel production capacity of ~34 million tonnes per annum (MTPA). Tata Steel (TSL) is one of the world’s most geographically diversified steel producers, with operations and commercial presence across the world. Since 2016, TSL has been consistently ranked among the top five steel companies in the DJSI Corporate Sustainability Assessment.
Outlook
We maintain our BUY rating on the stock. We value TSL at Rs 1400, based on SoTP valuation.