Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
612.75
Change Change %
-3.65 -0.59%

Updated:18 Sep, 2018, 15:59 PM IST

BSE
612.45
Change Change %
-3.20 -0.52%

Updated:18 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
16-02-2017 Buy 462.20 637.00
N/A
Target Hit Long (1Y)
16-02-2018

Edelweiss upgrades Tata Steel to buy

Edelweiss has upgraded Tata Steel to 'buy' from 'reduce'. It expexts Tata Steel to to maintain domestic EBITDA/tonne of Rs 11,000-12,000 through to FY19 estimated earnings given supply constraints in China and weak outlook for international coking coal prices. It adds that in view of the stock trading at lower end of 10 year valuation range, it has upgraded the stock to 'BUY' from 'REDUCE' with a revised target price of Rs 637 per share.

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