Tata Steel share price rises 4% in early morning trade, scrip becomes top gainer on Nifty; Anand Rathi suggests this about this stock
Tata Steel Share price: Brokerage Firm Anand Rathi maintains BUY rating on the stock with a roll forward target price of Rs 1437 using SOTP valuation. Tata Steel delivered strong financial performance with strong revenue growth and margin expansion along with solid free cash flow. Strong recovery in India business, efficient working capital management coupled with sharp capital allocation should improve prospects further
Tata Steel’s management expects Asia steel prices to remain buoyant, amid a strong demand recovery, pollution control led production curbs in China, and elevated raw material prices: Reuters