1:2 Bonus, 1:10 Split, 28 Dividends All-Time Rewards: Tata's Steel Stock Recommended To Buy, Highest TP Rs 210

Tata Steel, the metals and mining flagship of Tata Group, has recorded more than 3.5% growth on BSE and NSE year-to-date. Metal stocks are in focus as COMEX copper rose nearly 3%, reaching a multi-month high. Amidst expectations of easing in bolstered sentiment across the industrial metals space, Tata Steel is among the top picks in the sector. The majority of analysts have recommended BUY with target prices ranging from Rs 200 to Rs 210.

Tata Steel Share Price:

After market hours on December 5th, Tata Steel stood at Rs 167.10 apiece on BSE, with a market cap of Rs 2,08,723.16 crore. The stock is less than Rs 20 away from hitting its 52-week high of Rs 187.

YTD, the stock is up by 3.53% on BSE. From its 52-week low of Rs 122.60 apiece, Tata Steel gained by more than 36% as of now.

Tata Steel Corporate Actions:

Tata Steel has rewarded investors with a hefty dividend and is among top dividend yield stock in the sector. It has also carried one stock split and bonus issue in its history so far.

Tata Steel Bonus Issue:

The first time Tata Steel rewarded investors with a bonus issue was in August 2004 in the ratio of 1:2. This meant the company has rewarded 1 bonus on 2 existing shares.

Tata Steel Stock Split:

The Tata Group stock has split only once in its history. The first stock split was of 1:10 ratio with effect from July 28, 2022, where face value was trimmed from Rs 10 each to Re 1 each.

Tata Steel Dividend:

Since June 2003, the company has delivered 28 dividends, as per Trendlyne data. In the past 12 months, the metal giant delivered up to Rs 3.60 per share dividend. At the current market price, the dividend yield is at 2.15%.

BUY Tata Steel Stock?

Analysts at Emkay Global has recommended BUY for a target price of Rs 200.

Further, analysts at ICICI Direct said, "TSL's Indian operations will benefit from capacity expansion and the likely extension of the 12% safeguard duty, supporting domestic prices. Moreover, the EU import-control measures should also aid European steel pricing and strengthen Netherlands performance. On that note, we maintain BUY rating on Tata Steel with SOTP-based target price of ₹210 (8.5x/4x EV/EBITDA to India/Europe business on FY27E)."

About Tata Steel Ltd:

Tata Steel (TSL), part of the TATA group, is one of the world's most geographically diversified steel producers with operations across regions.

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