JM Financial is bullish on Tata Steel has recommended buy rating on the stock with a target price of Rs 750 in its research report dated October 30, 2017.
The proposal to grant extension will be taken up by the Board of approval, highest decision making body on SEZ related issues, in its meeting on November 17.
Axis Direct is bullish on Tata Steel has recommended buy rating on the stock with a target price of Rs 795 in its research report dated November 03, 2017.
Strong growth prospects in its key operating markets of India, Europe and Southeast Asia -- with steel consumption slated to grow, amid capacity removal in China, augur well for Tata Steel, it said.
CDQ is a heat recovery system to cool hot coke from coke ovens. It is one of the best energy-efficient and environment friendly facility in steel production where hot coke removed from coke ovens at a temperature of around 1,000 degree Celsius is cooled and kept dry with inert gas.
HDFC Securities is bullish on Tata Steel has recommended buy rating on the stock with a target price of Rs 818 in its research report dated October 31, 2017.
As against a net profit of Rs 3500 crore in FY17, the Street is expecting a net profit of close to Rs 5000 crore in FY19, which is a growth of 19.5 percent annually.
Narendran, 52, a company veteran who joined the Tata ranks in 1988, was serving as managing director (India and South East Asia) for the past four years.
Though brokerage houses have maintained their buy calls on the stock, they also highlighted that the earnings figures missed expectations. However, going forward, the situation improve, they added.
Tata Steel's Q2 has missed street estimates as its European business struggled for the quarter. In an interview to CNBC-TV18, Ritesh Shah of Investec shared his readings on the numbers.
The right product mix and consolidation among marginal players have helped companies like Tata Steel grow faster even in a seasonally weak quarter.
Consolidated EBITDA margin came in at 14.54% compared to 11.85% year-on-year
Operating profit is expected to increase 75 percent year-on-year to Rs 5,200 crore and margin may expand 520 basis points to 16 percent in July-September quarter.
Axis Direct is bullish on Tata Steel has recommended buy rating on the stock with a target price of Rs 765 in its research report dated October 16, 2017.
Works councils are considerably powerful entities in Europe and their approval will prove critical for Tata Steel and Thyssenkrupp to clinch a final deal.
T.V. Narendran, Tata's managing director for India and South East Asia, told Reuters that the capacity of Tata's Kalinganagar plant in India would like be expanded to 5 million tonnes.
BRPL was incorporated on August 24, 2006 and is engaged in the business of acquisition and beneficiation of iron ore and the manufacture and sale of iron ore pellets. Pellets are used as agglomerates in the iron making process.
The research house is of the view that the rise in share of value-added products is likely to boost margins. Deutsche Bank has raised FY18 earnings by 2 percent and 4 percent for FY19.
Edelweiss is bullish on Tata Steel has recommended buy rating on the stock with a target price of Rs 720 in its research report dated October 06, 2017.
Reliance Industries and Infosys were among the top gainers, up 1.73 percent and 1.36 percent respectively, apart from stocks like Lupin, UPL and Power Grid which gained up to 2.3 percent. In the Nifty50, the advance-decline ratio was in favour of the advances with 29 stocks advancing and 20 stocks declining.
Siyaram Silk, HEG Limited, Jindal Worldwide, Goa Carbon and VIP Industries were the stocks that hit 52-week high in the Nifty while within the BSE Index, stocks like Gillette India, Kotak Mahindra Bank, Bharat Financial, Bata India, Tata Steel, TVS Motor and TVS Electronics hit 52-week high in today's trade.
Tata Steel India, he said, is a well-run business and it is slated to perform extremely well as there is a demand as well as a market in the country.
Axis Direct is bullish on Tata Steel has recommended buy rating on the stock with a target price of Rs 765 in its research report dated October 03, 2017.
Ashwani Gujral of ashwanigujral.com recommends buying GAIL India, BASF, Bharat Forge, Ashok Leyland and EID Parry.
Chandrasekaran, the former CEO of key Tata Group company TCS, took charge as chairman of the group’s parent firm, Tata Sons, after the bitter ouster of Cyrus Mistry earlier this year.