Did you know that Tata Steel has given exceptional returns of 103.24% in the last five years? And also, Tata Steel has consistently rewarded its investors with a healthy dividend payout ratio of 35.2%. So as an investor, the question arises: Will investing in this stock continue to be profitable? And what can we expect regarding share price targets for Tata Steel in the upcoming years?
Today, we will discuss Tata Steel share price targets for 2023, 2024, 2025, 2026, 2027, and 2030. We’ll explore short-term and long-term target prices, providing detailed insights and analysis. So without further delay, let’s start and find out What Tata Steel share price targets are?
Company Overview
Tata Steel, owned by the Tata Group, is the second-largest steel company in India after SAIL, with an annual capacity of 13 million tonnes. Founded in August 1907, Tata Steel has a remarkable 115-year history. Alongside SAIL and Jindal Steel and Power, Tata Steel is one of the three Indian steel companies with captive iron-ore mines, providing them a competitive advantage.
Tata Steel Share Price Target 2023
In 2023, Tata Steel’s share price may have faced challenges due to factors impacting the global metal sector. And the company’s performance may have been affected by the overall market conditions. And to petrol in the fire, Tata Steel’s Q4 results for the quarter ending in March 2023 reported an 84% decline in consolidated net profit, amounting to ₹1566.24 Cr.
But from May 2023, we can see a rise of 10% from a recent low of ₹ 104.05. This is because the unexpected decision by the People’s Bank of China to lower its policy interest rate indicated a focus on economic growth, boosting investor sentiment. Encouraging economic indicators such as low inflation and an improved manufacturing PMI in China have further contributed to the positive outlook for the metal sector. The significant increase in steel prices has also fueled investor confidence, reflecting strong demand and supply dynamics. These factors have collectively driven the surge in metal stocks.
Tata Steel chart price on a weekly time frame in which we can spot a symmetrical triangle pattern that may break soon.
With this, we can assume Tata Steel’s share price target in 2023 will be around ₹ 118, as the first and second targets are around ₹ 134.
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Tata Steel Share Price Target 2024
Tata Steel, as a leading steel company, is well-positioned to meet the rising demand for steel products driven by population growth and the need for economic development. With a rapidly growing global population, the demand for infrastructure, housing, and industrial projects continues to surge. As economies expand and urbanization accelerates, the steel demand remains robust.
Moreover, Tata Steel’s amalgamation of its subsidiaries, including Tata Steel Long Products Limited, The Tinplate Company of India Limited, Tata Metaliks Limited, The Indian Steel & Wire Products Limited, Tata Steel Mining Limited, S & T Mining Company Limited, and TRF Limited, further strengthens its market presence and operational efficiency.
With this, we can assume Tata Steel share price targets for 2024 will be around ₹ 151, as the first and second targets are around ₹ 175.
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Tata Steel Share Price Target 2025
Tata Steel operates globally, working in 26 countries and with significant operations in India, the Netherlands, and the United Kingdom. Its largest plant is in Jamshedpur Jharkhand, with a capacity of 10 million tonnes annually.
With a strong business model, Tata Steel has established itself as a leading player in the industry. The company produces over 12.1 million tonnes of raw material annually. And as the largest steel producer, Tata Steel prioritizes product quality and consistently delivers to its customers, resulting in a wide range of successful products.
With this, we can assume Tata Steel share price targets for 2025. The first target is around ₹ 185, and the Second target is around ₹ 205.
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Tata Steel Share Price Target 2026
Tata Steel has a diverse product portfolio, which includes speciality steels used in various automotive, construction and capital goods applications. The company has increased its Alloy Wire Rod and automotive segment market share. Regarding production volume, Tata Steel produced Direct Reduced Iron (DRI), crude steel, and rolled products.
The company has also introduced new products and made strategic acquisitions, including Neelachal Ispat Nigam Limited (NINL) and the steel business of Usha Martin Ltd.
With this, we can assume Tata Steel’s share price target in 2026 will be around ₹ 198, as the first and second targets are around ₹ 225.
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Tata Steel Share Price Target 2027
In 2022, the global iron and steel market reached a staggering valuation of USD 1,599.4 billion, and experts project it to soar further to USD 1,928.6 billion by 2027, growing at a remarkable CAGR of 3.8%. These numbers reflect the industry’s response to the growing global construction sector, rapid industrialization, and accelerated infrastructure development, particularly in emerging economies. And to be one of the leading companies in this sector, Tata Steel is going to grow with this improving emerging economy.
With this information, we can assume Tata Steel’s share price target in 2027 will be around ₹ 270, as the first and second targets are around ₹ 280.
Tata Steel Share Price Target 2030
Steel is a crucial component of modern economies. As societal and economic welfare needs continue to rise, the global steel demand will grow in the coming decades. And the companies like Tata Steel are bound to grow with this rising demand and modernization.
With this, we can assume Tata Steel’s share price target in 2030 will be around ₹ 390, as the first and second targets are around ₹ 450.
Conclusion
In conclusion, the future of the metal sector looks incredibly promising. As we move towards a more modernized economy, the demand for metal products is set to soar. Companies like Tata Steel are bound to capitalize on this growth and expand their presence in the industry.
Disclaimer: Dear valued viewers, I am not authorized by SEBI (Securities and Exchange Board of India) to provide financial advice or recommendations. The information shared is for educational purposes only and should not be interpreted as investment advice. I cannot be held responsible for any profits or losses. It is strongly advised to conduct your research and consider all factors before making investment decisions in the stock market. The information in this post may contain inaccuracies and errors and is subject to change.
