Tata Sponge

Tata Sponge Consolidated June 2019 Net Sales at Rs 704.59 crore, up 170.02% Y-o-Y

Tata Sponge Standalone June 2019 Net Sales at Rs 704.59 crore, up 170.02% Y-o-Y

Tata Sponge Q4 review: Cost pressures hurt; integration of Usha Martin key to growth

Since the volume game is not at play because of the peak capacity utilisation, the key would be the integration of stressed Usha Martin assets and deployment of the surplus cash in the books.

Tata Sponge Consolidated March 2019 Net Sales at Rs 254.07 crore, up 4.34% Y-o-Y

Tata Sponge Standalone March 2019 Net Sales at Rs 254.07 crore, up 4.34% Y-o-Y

Tata Sponge Consolidated December 2018 Net Sales at Rs 260.83 crore, Up 21.62% Y-o-Y.

Tata Sponge Standalone December 2018 Net Sales at Rs 260.83 crore, up 21.62% Y-o-Y

Tata Sponge: Acquisition of Usha Martin could prove value accretive

While Tata Sponge partly missed capitalising on the up cycle in the steel industry, the move now to acquire Usha Martin’s value-added long products steel business could prove to be shot in the arm.

Buy Tata Sponge; target of Rs 1160: Centrum

Centrum is bullish on Tata Sponge has recommended buy rating on the stock with a target price of Rs 1160 in its research report dated October 12, 2018.

Tata Sponge Standalone September 2018 Net Sales at Rs 216.21 crore, up 29.33% Q-o-Q

Tata Sponge Consolidated September 2018 Net Sales at Rs 216.21 crore, up 29.33% Q-o-Q

Buy Tata Sponge; target of Rs 1220: Centrum

Centrum is bullish on Tata Sponge has recommended buy rating on the stock with a target price of Rs 1220 in its research report dated September 17, 2018.

Portfolio rejigs: Injecting high-conviction ideas amid changing investing landscape

In our constant endeavor to enhance portfolio performance, capture valuation arbitrage opportunity and focus on high conviction ideas, we are making few changes in our three key portfolios i.e. Diwali, Large cap and Mid cap.

Tata Sponge consolidated Jun-2018 sales at Rs 260.94 crore

Tata Sponge Iron has reported a consolidated total income from operations of Rs 260.94 crore and a net profit of Rs 45.56 crore for the quarter ended Jun-2018

Hold Tata Sponge; target of Rs 1135: Centrum

Centrum recommended hold rating on Tata Sponge with a target price of Rs 1135 in its research report dated July 18, 2018.

What the first-quarter numbers so far tell us: Rural India is recovering

Consumption sectors (FMCG, durables, autos), though on a soft base, post noticeable volume growth for a consecutive quarter.

Tata Sponge Q1 review: Stock to find support from cash in books

Tata Sponge reported 49 percent growth in revenues to Rs 260.9 crore in June 2018 quarter.

Hold Tata Sponge; target of Rs 1130: Centrum

Centrum recommended hold rating on Tata Sponge with a target price of Rs 1130 in its research report dated April 18, 2018.

Tata Sponge Q4FY18 review: Remains a winner thanks to strong fundamentals, reasonable valuations

Today, the company is one of the lowest-cost producers of sponge iron in the country, earning an operating margin of close to Rs 6,500 for every tonne sold.

Market Update: Infosys jumps 4% ahead of results as Nifty IT zooms 5%; Tata Sponge up 14%; PSU banks drag

The market breadth was in favour of the declines with 764 stocks advancing while 923 declined and 359 remained unchanged. On the other hand, in the BSE, 1172 stocks advanced and 1370 declined and 131 remained unchanged.

Hold Tata Sponge; target of Rs 1165: Centrum

Centrum is bullish on Tata Sponge has recommended hold rating on the stock with a target price of Rs 1165 in its research report dated January 19, 2018.

Tata Sponge earnings: A cash bargain

Tata Sponge has been able to capitalise on this trend thanks to the support from Tata Steel, parent company, for the supply of iron ore and its proximity to iron ore belt and ports.

Market Update: Coal India, Vedanta top Nifty gainers; Welspun most active, zooms 10%, Infosys hits new 52-week high

The market breadth was in favour of the advances on Wednesday morning with 960 stocks advancing as against 649 declines while 389 remained unchanged. On the other hand, 1357 stocks advanced and 868 stocks declined while 89 remained unchanged on the BSE.

Accumulate Tata Sponge; target of Rs 1020: Kotak Securities

Kotak Securities has recommended accumulate rating on Tata Sponge with a target price of Rs 1020 in its research report dated October 23, 2017.

Buy Tata Sponge; target of Rs 1125: Centrum Research

Centrum Research is bullish on Tata Sponge has recommended buy rating on the stock with a target price of Rs 1125 in its research report dated October 18, 2017.