BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Credit Suisse maintains underperform on Tata Steel
Credit Suisse has maintained 'underperform' on Tata Steel for target price of Rs 180 per share. It says cash drag to hurt till a new buyer comes in and Tata Steel is trading at high valuation of 11 times EV/EBITDA and it sees continued pain in European operations.