JSW Steel and Tata Steel are expected to outperform. The brokerage attributed this resilience to a superior sales mix, cost control measures, operational efficiency, and a steady growth in volumes.
ICICI Securities has a buy call on Tata Steel and Jindal Steel. It has a hold call on JSW Steel and SAIL.
Nomura expects JSW Steel standalone and Tata Steel standalone to report around Rs 1,900 to Rs 2,000 per tonne sequential decline in realisations.
Angel One said its board would meet on January 15 to consider a stock split and decide on the first interim dividend for the financial year 2025-26.
SMC Global said that CESC has been trading within a downward-sloping channel for a considerable period, indicating a phase of healthy consolidation rather than a reversal from higher levels.
Antique maintained 'Buy' ratings on Tata Steel with a target price of Rs 199 and Jindal Steel with a target price of Rs 1,171, while retaining 'Hold' on SAIL with a target of Rs 129 and JSW Steel with a target of Rs 942.
YES Bank, with 61.65 lakh retail investors, barely managed to meet Nifty returns at 9 per cent. Vodafone Idea cheered over 60 lakh retail investors with a solid 52 per cent surge. Suzlon Energy disappointed.
On Tuesday, shares of Tata Steel closed 1.03 per cent higher at Rs 170.90 on the BSE. The counter has been a performer over the year, having gained nearly 25 per cent year-to-date.
The brokerage values Jindal Steel at Rs 1,150. It sees JSW Steel at Rs 1,300. The foreign brokerage has a target price of Rs 215 on the Tata group's Tata Steel.
Tata Steel shares: The brokerage said Tata was one of the largest players in India's steel sector.
Tata Steel's Indian operations are expected to maintain strong momentum, while performance in Europe is gradually improving due to restructuring and cost optimisation.





