BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Macquarie maintains underperform on Tata Steel
Macquarie maintains underperform on Tata Steel for target price of Rs 229 per share. It says investors should book profits in Tata Steel and current valuations capture all the positives. Macquarie sees it difficult for Tata Steel to find a buyer in Europe and pension liability will still remain leaving it open to downside risks.