BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Credit Suisse maintains outperform on Tata Steel
Credit Suisse has maintained "outperform" rating on Tata Steel with a target price of Rs 500. Imposition of anti-dumping duty in European Union is a big positive for the stock. We have increased FY18 EPS estimates by 6 per cent on higher EBITDA/tonne in Europe. Tata Steel remains cheap on EV/ EBITDA valuation.