Tata Steel Share Price Target 2023, 2024, 2025, ( Is Tata Steel Share good for Future, Tata Steel Share Price forecast, Is Tata Steel a good buy )
Welcome to this new informative blog. Today we will know about the target price of Tata Steel’s shares in 2023, 2024, and 2025.
Today everyone wants to invest money in Indian markets whether he is a small investor or a big investor. But in which stock to invest money in this market so that your investment remains safe and you can earn more income from it in the long term?
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That’s why I have found a reliable company in India for you. Its fundamentals and record are very good. It is one of the largest steel manufacturers in the world.
The information given below is based on my research and experience. So that it can help you in your investing journey.
Now, let’s start with the first Point.
Is Tata Steel a good buy?
Tata Steel Limited is an Indian multinational steel-making company. Tata Steel was established on 26 August 1907 in Jamshedpur, Jharkhand, India. It is a part of the Tata Group.
Whenever the name “Tata” comes, we feel confident that it is a good company which makes us believe that we should also invest in it. Although all Tata stocks are good today we will specifically understand Tata steel stock.
To know how Tata Steel stock is, we will first have to look at its fundamentals and understand the technical charts.
| Fundamentals | Detail |
|---|---|
| Company Name | Tata Steel Company Limited |
| Founders | Jamshedji Tata, Dorabi Tata |
| Market Cap | ₹1,86,941 Cr. |
| P/E | 116 |
| P/B | 2.07 |
| ROE | 6.55 |
| ROCE | 7.02% |
| Debt to Equity | 0.95 |
| Website | www.tatasteel.com |
| Wikipedia | Tata_Steel |
So now let us study Tata Steel technically with the help of charts on Tradingview. Which has two support lines as seen in the photo.
Two Supports are shown with white lines.
So till now, we have understood Tata Steel both fundamentally and technically. Its two major supports come out, the first is 104.80 and the second one is 84.45 in which the stock is currently trading above its first support.
Note: You will have to decide for yourself whether Tata Steel is good for the long term or not, according to the data given above.
Note: You will have to decide for yourself whether Tata Steel is good for the long term or not, according to the data given above.
Tata Steel Share Price Target 2023
Now let us talk about Tata Steel share target price in 2023 There have been a lot of ups and downs in the share price of Tata Steel in 2023 because it is a trading stock. Currently, Tata Steel shares are trading at Rs 123.80 ( 10th Oct,2023).
| Month | Share Price Target |
|---|---|
| October | ₹124 |
| November | ₹112 |
| December | ₹118 |
The first target of Tata Steel share is ₹124 and the second target from my side is ₹128
Tata Steel Share Price Target 2024
Now we will see Tata Steel share price target 2024 with the help of technical charts.
As we can see in the chart, there is a strong support of 104.90 which is the demand zone of the Tata Steel share. If you get an opportunity to buy in a demand zone, it will be a better purchase in which you will have a good margin of safety.
Sellers become active at the price of 138 in Tata Steel and start selling it. Due to this, it comes down again and again from this price.
Now let’s see the target price below.
| Month | Share Price Target |
|---|---|
| January | ₹128 |
| April | ₹138 |
| December | ₹160 |
Tata Steel Share Price Target 2025
Now we will see Tata Steel share price target 2025. As we saw Tata Steel is performing well for last 3 years and has given more than 450% returns which is a good thing.
Month | Share Price Target |
|---|---|
| January | ₹175 |
| April | ₹195 |
| December | ₹220 |
Tata Steel Support & Resistance
Now let us understand the resistance and support of Tata Steel. Understand from the table given below.
| Resistance | Support |
|---|---|
| R1- 124.30 | S1- 114.60 |
| R2- 138.00 | S2- 104.90 |
| R3- 148.20 | S3- 95.50 |
| R4- 153.40 | S4- 84.45 |
Tata Steel Share Holding Pattern
| Promoters | 33.90% |
| Retail and Others | 26.36% |
| Foreign Institution | 20.28% |
| Other domestic Institution | 10.52% |
| Mutual Funds | 8.94% |
If you want a full Infosys stock analysis review then read more.
FAQs :
Yes, Tata Steel Stock is good for long-term in your portfolio. Tata Steel is performing well for last 3 years and has given more than 450% returns which is a good thing for the company.
From my own research and experience tata steel share price will be reach around ₹180, ₹220 and ₹250.
Tata Steel is well renowned company in india. So, I believe that Tata Steel will prove to be a multibagger stock in the long term.
Disclaimer: We are not SEBI-registered advisors. This content is for educational purposes only and not investment advice. Please consult a SEBI-registered advisor before making any investment decisions.
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