BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains sell on Tata Steel
Religare maintains its "sell" rating on Tata Steel with a revised target price of Rs 325. Earnings of Tata Steel in Q1 have recovered but incremental earnings visibility due to higher coking coal prices remains low. Meanwhile, Chinese steel prices have already started to correct on higher steel inventory.