If You Invested ₹10,000 In Tata Steel A Year Ago, Here's How Much You'd Have Today

Tata Steel shares have been creating quite a buzz in the past few days. Shares of the company have gone up close to 5% in the past five sessions. The stock was trading 0.22% higher to continue its four-day gaining streak.

The Investment: If you had invested ₹10,000 in Tata Steel a year ago, you would have bought approximately 111 shares. With the current market price at ₹114, your investment would now be worth approximately ₹12,643.84. That’s a substantial return of over 26% in just one year. However, it is still less than the return of other Tata Group stocks such as Titan and Tata Motors.

Background: Talking about the company’s financials, the steel giant saw its consolidated revenue from operations go down 9.2% year-over-year to ₹62,961.54 crore in the March quarter. The drop in revenue was partly because of the slowdown in the European markets. The company's Europe business saw revenue slump 16.5% YoY to ₹22,036.15 crore.

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Profit also slumped 84% YoY to ₹1,566 crore. However, the company still managed to beat street estimates, as many analysts expected the company to report an over 90% drop in profits at around ₹1,000 crore. The company also declared a ₹3.60/share dividend.

The Tata Group company's Q4 numbers garnered a largely positive reaction from analysts. Here are the recent analyst calls on the stock after its Q4 earnings

AnalystsRatingPrice Target
JP MorganOverweight₹150
CLSAOutperform₹125
Morgan StanleyEqualweight₹110
ICICI DirectBuy₹130
BOB Capital MarketsBuy₹140

Price Action: Tata Steel's share price was up 0.04% to trade at ₹113.85 on Thursday afternoon.

Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.

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