CARE

Shares of metal majors Tata Steel Ltd and JSW Steel Ltd rallied in line with the benchmark indices While Tata Steel stock hit a record high, shares of JSW Steel approached their record high. Both metal stocks were among the top Sensex gainers. In terms of valuation, Tata Steel shares have a price to book (PB) ratio of 1.98. JSW Steel has a PB ratio of 3.25.

Tata Steel vs JSW Steel: Share price targets, technicals, valuation, financial metrics

In celebration of International Transgender Day of Visibility, Tata Steel’s West Bokaro Division welcomed a new group of 14 transgender employees as Heavy Earth Moving Machinery (HEMM) Operator Trainees during a ceremony at West Bokaro .This onboarding initiative marks a significant step in the Company’s Diversity, Equity, and Inclusion (DE&I) journey, increasing the Company’s total transgender workforce to 120, according to a media statement. For decades, Tata Steel has championed diversity, equity and inclusion in the workplace. The Company’s DE&I initiatives focus on creating a welcoming, respectful, and supportive environment for all employees regardless of gender identity, sexual orientation, or any other factor. This is reflected in various

Tata Steel becomes First-in-India to integrate transgender employees in mine

The steel industry is sensitive to the shifting business cycles, including changes in the general economy, interest rates and seasonal changes in the demand and supply conditions in the market

Commodities are essential inputs to the manufacturing of steel and these commodities have global supply chains, and their prices get significantly impacted by various factors such as geo-political landscape, supply-demand imbalance, weather patterns, policy interventions by governments in key sourcing/consuming countries, increasing financialization of commodities markets, etc.

The company has operations across various geographies. Hence, the foreign currency risk is mitigated to the extent that the cash flows and borrowings are usually in local currency denominations

The issuer has made timely interest payments.

T V Narendran, CEO and MD

Natrajan Chandrasekaran, Chairman

TSL is among the leading companies of the conglomerate – the Tata Group. By virtue of being part of a large conglomerate, the company enjoys immense financial flexibility and brand reputation in the industry.

The company has presence from mining and iron ore processing to production and distribution of finished products. The logistic arm of TSL handles planning, sourcing, delivery, and logistics, which include raw materials, finished goods and by-products. 



Iron ore and coking coals are the major raw materials for steel processing. The domestic operations of TSL are self-sufficient for its iron ore requirement.



The product mix of the company includes flat products such as hot-rolled coils, cold-rolled coils, galvanized steel, and long products, such as wire rods, rebars; ferro alloys, tubes, bearings, wires, etc., in the steel segment.

The operational performance of the company has witnessed an uptick owing to the increased steel demand on both domestic and global arena.



9.8359%Tata Steel Limited 01 Mar 2034

ISIN:

INE081A08223

YOUR EARNING

Your Investment

Final Payout

₹0

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)

YOUR RISK

AA + /Stable

CARE

AA + (Positive)

IND

Senior

Unsecured

ISSUER

Tata Steel Limited

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Tata Steel vs JSW Steel: Share price targets, technicals, valuation, financial metrics

Tata Steel becomes First-in-India to integrate transgender employees in mine

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₹112.81

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as on Sep 23, 2024

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