ICICI Direct has given Buy recommendation for Tata Steel with a target price of Rs. 1750 in its research report issued on Aug 14, 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 TSL has been a part of the DJSI emerging markets Index since 2012 and has been consistently ranked among top five steel companies in the DJSI Corporate Sustainability Assessment since 2016

Outlook

We maintain our BUY rating on the stock We value TSL at Rs 1750, based on SoTP valuation

 

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