BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
|Target Hit|| Long (1Y)
Bank of America maintains underperform on Tata Steel
Recent up move shows optimism is overdone. Net debt is likely to rise on high capex intensity. For Tata Steel Europe, margins are likely to decline sequentially. Target at Rs 253.