Increase your net worth💰 by 30% in next 4–5 months.
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You can increase your net worth in next 4–5 months by investing TATA STEEL stock.TATA Steel Limited is a diversified steel producer, engaged in the business of steel making, including raw material and finishing operations.
Here are 5 reasons why you should buy TATA STEEL stock.
Steel Industry: India is a developing nation, after covid the construction work will start rapidly and hence the demand of the steel. Current price of the TATA STEEL stock is around 1280 and the target price after 4–5 months should be around 1550–1600.
Strong Fundamentals : Strong fundamentals such as high profit margin, low debt level and growing dividends. Over the last 5 years, free cash flow is growing at a rate of 95.98% and debt to equity ratio is at 156.16%. On both parameter, it is performing well then industry players.
Holdings: In last 3 months, foreign institutional holding of the company has increased by 3.38%. Pledged promoter holdings is insignificant
Intrinsic value: Current price of the stock is less than the intrinsic value of the stock. TATA STEEL is currently valued at a discount to the BSE sensex index based on the price to sales ratio, trailing P/E and forward P/E.
Return: The stock has given better return on equity than the standard FD.
However this is for education purpose and it is subjected to market risk, consider your risk appetite before investing.
