It's time to accumulate good stocks #TATASTEEL #TATAMOTORS #TATAPOWER keep good risk reward and wait for 2-3month for good returns. We may have 2-3 days downstream.but at the end everything will be ok .
#TATASTEEL 108ce above 2.20
TATA Steel's board has approved the scheme of amalgamation between seven of its group companies & itself,
~ Tata Steel Long
~ The Tinplate Company
~ Tata Metaliks
~ TRF Limited
~ Indian Steel & Wire Products
~ Tata Steel Mining
~ S&T Mining Company
Tata Steel to give 79 shares for every 10 shares of Tata Metaliks (Share swap at 2 percent premium. In favor of Tata Metaliks)
Tata Steel to give 33 shares for every 10 shares of Tinplate (Share swap at 1 percent premium. In favor of Tinplate)
*Tata Steel Long Products:*
Tata Steel to give 67 shares for every 10 shares of Tata Steel Long Products (Share swap at 7.8 percent discount. In favor of Tata Steel)
Tata Steel to give 17 shares for every 10 shares of TRF (Share swap at 53 percent discount. In favor of Tata Steel)
Tata steel announces merger with other group listed companies
Tata steel long product: 67:10 (CMP:Rs.749)
The Tinplate Company of India Limited: 33:10 (CMP: Rs.338)
Tata Metaliks Limited: 79:10 (CMP: Rs.801)
TRF Limited: 17:10 (CMP: Rs.374)
#TATASTEEL #TRF #TATAMETALI #TINPLATE
#ASIANPAINT #BAJAJFINSV #ICICIBANK #INDUSINDBK #TATASTEEL
Very strong technicals in #TATASTEEL
Can give 10% minimum upside
Tata Steel is in highly bullish mode. It is expected to cross 130 soon. All the best to all investors in tata steel
#TATASTEEL STEEL : Tata Steel signed a Memorandum of Understanding (MoU) Today with the Government of Punjab for setting up a 0.75 MnTPA long products steel plant with a scrap-based electric arc furnace (EAF).
This initiative to set up the greenfield facility at Kadiana Khurd, Hitech Valley, Ludhiana in Punjab is part of Tata Steel’s commitment to investing in a circular economy and transitioning to low-carbon steelmaking through the steel recycling route. It is a step aligned to the Company’s goal of achieving Net Zero carbon emission by 2045.
#TATASTEEL INTRADAY TARGET SALE
SALE AT RS 112.70
STOP LOSS 113.05
TARGET PRICE 111.75
ONE DAY ONLY
#TATASTEEL 114CE above 3.90
#TATASTEEL FUTURE BUY TATA STEEL CMP 103-103.50 TGT OPEN
SHORT TERM VIEW
BUY @CMP 100+
TGT 120 - 125
SL BELOW 85
#TATASTEEL in your portfolio will open 90% down today...
(10:1 Split it is)
it may remain subdued till July expiry due to pressure of call writers and put buyers. But it will move up sharply just after expiry which is very near.
*Tech Mah Review*
Neutral, TP Rs 979
Cut FY23-26E EPS estimates by up to 6% due to lower margins to a/c for 1QFY23
EBIT margin at 11.0% missed GSe est at 11.6% due to which EBIT missed GSe by c.2%.
O-P, TP Rs 1620
Revenue beat; EBIT margin miss of 241bp
Management said they expect to deliver 100-150bp of margin improvement in each of remaining quarters of FY23.
Hold, TP Rs 1070
1Q rev growth of 3.5% QoQ slightly ahead, but margins fell sharply by 220bps QoQ
Deal wins at $ 802m healthy
Margin delivery weak & management commentary of 14% exit margin in FY23 & 14%+ margins in FY24 seems optimistic.
O-P, TP cut to Rs 1210 from Rs 1410
Q1: Good growth. Margin disappoints
Cut FY23 /FY24 EPS estimates to factor in sharp miss in EBIT Margins
Valuations attractive, trading at 15x NTM P/E.
*Tata Steel Review*
O-P, TP Rs 1670
Consol EBITDA beat– EU surprises +vely
While EU EBITDA/ton surprised +vely, as lagged impact of a steel price hike was reflected during qtr, expecting profitability to decline in 2H FY23 given a recent correction of EU steel prices.
OW, TP Rs 1400
Substantial all around beat driven by Europe
While 2Q seasonally weak, 2H should rebound
Upside risks to consensus
Large 1Q beat with Europe EBITDA/t at $365/t
Steel prices bottomed in India & Lower coking coal to drive earnings rebound in 2H.
*Axis BK Review*
Neutral, TP Rs 790
Earnings beat of 14% vis à vis our ests driven by lower credit costs.
Margins, loan and deposit growth and cost ratios lag peers
Lower margins than peers cap ROA upside.
OW, TP Rs 910
F1Q23 PAT 13% above MSe, helped by higher than expected rev
Costs elevated but lower provisions provided offset
Core PPoP 4% above MSe
Retail term deposit growth, however, relatively muted – expect pickup by H2-F23
RoE of 16% by F25 stays.
Neutral, TP cut to Rs 780 from Rs 880
Loan growth disappoints with 1% q/q decline; Retail does better, corporate slower
NIM improvement guidance maintained
ROAs at 1.4% remain 60bps lower vs larger peers, which could remain a drag on vals.
#TECHM #TATASTEEL #AXISBANK
Looking at much better than expected Q1 results, tata steel may hit 125 (after split) by end of August 2022
Tata steel Q1 PAT of Rs 7765 crs and revenues Rs 63430 both has beaten street expectations of PAT 7200 crs and Revenues 61000 crs respectively. At least 5% gap up opening seen tomorrow.
Tata Steel Ltd on July 25 declared a consolidated profit after tax (PAT) of Rs 7,765 crore for the quarter ended June 2022. The PAT was lower by 12.8 percent compared to a profit of Rs 8,907 crore recorded during the same quarter last year.
On a sequential basis, the PAT witnessed a decline of 20.4 percent from Rs 9,756 crore achieved during the January – March quarter.
The consolidated revenues for the Tata Group company during the reported quarter, rose 18.6 percent to Rs 63,430 crore compared to the revenue of Rs 53,465 crore recorded during the year ago period. On a sequential basis, the consolidated revenues have declined 8.5 percent from Rs 69,324 crore during the previous quarter.
Buy 963 sl 956 tgt 970,973
Reliance won't let market go down further and will keep market in a stable situation. It will give an opportunity to tata steel to move up further towards 1000 level.
#TATASTEEL BULLISH FOR THE DAY, BUY IN DIPS.
Tata Steel is spending Rs10000 crs to Rs12000 crs every year on Capex in India and abroad plus it is also reducing its debt by 1 billion USD every year. It is already having lowest debt to equity ratio in the industry. Currently it is the 3rd company in india in terms of PAT just after RIL & TCS. Tata steel is a new multibagger stock and is expected to multiply 5 times in the next five years.
#RELIANCE #TCS #JSWSTEEL
JSW Steel Q1 results are bad due to high interest of Rs1422 Crs in Q1, this is because of their high debt to equity ratio. However Tata Steel has huge advantage here as tata steel's debt to equity ratio is relatively very low. So tata steel Q1 results will beat the street expectations