BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nomura initiates Tata Steel with buy
Stable realisations and volume growth will help the company. Tata Steel will benefit from balance sheet de-leveraging - due to associated cash flows and monetization of existing investments, and ebitda kicker because of new capacities. Stock is trading at a discount to peers. Target Rs 518.