Tata Sponge Iron Ltd
TATASPONGE

827.60

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825.55

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Buy
Reco. Price
Rs 860.00
We recommend BUY due to combined improvement in revenues and margins boosting profitability. This is aided by government regulations of raising MIP for steel. The recommendation also takes account of the company’s strong financials. The stock is trading at FY17E P/E multiple of 19.2x. (Target Price - Rs.968)
Detailed View
50 DMA (.)
712.37
100 DMA (.)
652.21
200 DMA (.)
624.50
Weekly Range (.)
804.00
872.00
Monthly Range (.)
688.00
900.50
52 Weeks Range (.)
486.20
900.50
Detailed Chart
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