Kotak Institutional Equities sees 15-20 per cent downside for Tata Steel and SAIL. It upgraded NMDC Ltd to 'Reduce' from 'Sell'.
BEL, Tata Steel, Titan stocks: Here's a look at the factors that fuelled the rally and price targets for these top Sensex gainers in a year amid the current bull run.
Tata Steel stock price today: The metal stock, which closed at Rs 198.05 on Tuesday rose 4% to a high of Rs 206.45 in the current session. Market cap of the firm stood at Rs 2.55 lakh crore.
Steel players such as Tata Steel Ltd, JSW Steel Ltd, SAIL and Jindal Stainless Ltd are seen reporting 35-66 per cent YoY rise in net profit for the March quarter.
Tata Steel: Anand Rathi said the implementation of the CBAM in January has coincided with a sustained uptrend in EU steel prices, benefiting incumbents such as Tata Steel.
Axis expects Tata Steel and SAIL to experience a relatively limited impact on their upstream steel production, though certain downstream processes could be hit.
Meanwhile, the brokerage has issued a 'Sell' call on SAIL and a 'Reduce' rating for NMDC.
Meanwhile, on the domestic front, the board greenlit merging Neelachal Ispat Nigam Ltd (NINL) into Tata Steel.
Tata Steel stock closed 0.40% higher at Rs 215.50 in the previous session. Market cap of the firm stood at Rs 2.69 lakh crore.
An analyst from Anand Rathi said that Tata Steel is consolidating within a well-defined range of Rs 202-212 after delivering a stellar rally over the past two to three months.
Tata Steel stock price today signals that the bulls are dominating the counter with 31% gains in six months and a 48% rally in a year.




