Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 48573.16 Crore) operating in Metals - Ferrous sector.
Edelweiss has buy call on
Carborundum Universal with a target price of Rs 640. The current market price of Carborundum Universal Ltd. is Rs 587.8.
Carborundum Universal Ltd., incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 11265.49 Crore) operating in Industrial Consumables sector.
Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 766.54 Crore, up 3.78 % from last quarter Total Income of Rs 738.59 Crore and up 22.96 % from last year same quarter Total Income of Rs 623.40 Crore. Company reported net profit after tax of Rs 89.98 Crore in latest quarter.
Stock has given a follow through to the breakout from previous consolidation range of 550 – 470. A move above 610 will give further impetus to the stock.
Anand Rathi has buy call on
Tata Steel with a target price of Rs 1437. The current market price of Tata Steel Ltd. is Rs 1231.6.
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 148577.23 Crore) operating in Metals - Ferrous sector.
Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 50249.58 Crore, up 26.23 % from last quarter Total Income of Rs 39809.05 Crore and up 43.22 % from last year same quarter Total Income of Rs 35085.86 Crore. Company reported net profit after tax of Rs 7011.50 Crore in latest quarter.
Company delivered strong financial performance with strong revenue growth and margin expansion along with solid free cash flow. Strong recovery in India business, efficient working capital management coupled with sharp capital allocation should improve prospects further. China s withdrawal of export rebates. Japan is also looking to cut steel capacity and reduce exports.