-------- Forwarded Message --------
Subject: Tata Steel: Has To Sustain Above 340-370-385 For Any Further
Rally Despite Improved Q4 EBITDA; Huge Debt & UK Pension Liability May Hurt
Date: Thu, 26 May 2016 09:17:20 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
*Trading Levels: Tata Steel*
*
*
*CMP: 325*
*
*
*Either sell around 330-340-350 or on rise around 375-385;*
*
*
*TGT: 305*-287-260-240*-220-210*-199-185 (1-3/6M)*
*
*
*TSL> 365-395*
*Note:* Consecutive closing (3 days) above 395 for any reason, Tata
Steel may further rally up to 418*-445-480 & 500-535-580 in the near to
long term (alternative bullish case scenario).
*For Tata Steel (Standalone):*
Q4FY16 TTM EPS: 48.67 (FY:16/Actual)
Projected FWD EPS: 37.50-43.12-49.65 (FY:17-19/Estimated)
(**Q2 & Q1FY16 higher EPS was supported by one time exceptional other
income)
Average PE: 6 (until steel demand supply dynamics improved significantly
and headwinds of UK asset sales/pension liability & huge debt headwinds
are over despite MIP support).
*As par BG metrics and current market parameters:*
Present median value may be around: 300 (FY:16/TTM)
Projected fair value might be around: 265-285-305 (FY:17-19/FWD)
TATASTEEL EPS BV P/E Low High Median 200-DEMA
10-DEMA
Q4FY16/TTM 48.67 751.6 6 291.83 307.74 299.79 291.65 324.31
FY17/FWD 37.5 823.05 6 256.17 270.13 263.15 291.65 324.31
FY18/FWD 43.12 901.95 6 274.69 289.66 282.18 291.65 324.31
FY19/FWD 49.65 986.85 6 294.76 310.82 302.79 291.65 324.31
Analytical Charts:
<https://4.bp.blogspot.com/-78TwupH7KW0/V0ZwVzB7zyI/AAAAAAAAHQA/hRKkdzW1NvIi3zjXW92mb8s15_TPpcflgCLcB/s1600/TS-25-05-2016.png>
<https://2.bp.blogspot.com/-eBcgxEqtkCE/V0ZwXq0nQ3I/AAAAAAAAHQE/tSWdoiVQvKorVDAxLDhda8YzZkKdpi9ngCLcB/s1600/TS-FIBB-25-05-2016.png>
<https://3.bp.blogspot.com/-BS0Q_cUiafU/V0ZwZ1nKCWI/AAAAAAAAHQI/QeX6TkTIWbcG4BubSJT5OxRDrKXrNrUDACLcB/s1600/TS-WK-25-05-2016.png>
<https://2.bp.blogspot.com/-Q6T4u8nrntc/V0Zwd1V0IqI/AAAAAAAAHQM/dLT6CTQSiocfGDXNOJOKjYeTjWYlfjj0QCLcB/s1600/TS-TL-25-05-2016.png>
<https://3.bp.blogspot.com/-yiRbqkggOcE/V0ZwfyYQ8JI/AAAAAAAAHQQ/34DBB0uzZ-A_VKtnIkQyttORzKUV6DzjACLcB/s1600/TS-PATTERN-25-05-2016.png>
<https://2.bp.blogspot.com/-SGCwXDGyvMI/V0ZwkpyBj_I/AAAAAAAAHQU/N9ZGKOQJN2ohrYkGP5qPj7GbBJAw4eHawCLcB/s1600/TS-PATTERN-MT-25-05-2016.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
--
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