SMC Global said that JSW Steel has aggressively expanded into a global steel giant over the past three decades, with a consolidated crude steel capacity of 35.7 million tonnes per annum, including 1.5 MTPA in the US.
Tata Steel share price today: The stock gained 0.53% to Rs 151.10 on BSE today. Market cap of the firm stood at Rs 1.88 lakh crore.
Tata Steel stock gained 0.86% to Rs 152.85 on BSE today. Market cap of the firm stood at Rs 1.90 lakh crore
Jefferies has upped target price for Tata Steel to Rs 180 from Rs 165 earlier. The target price for JSW Steel has also been revised to Rs 920 from Rs 850 earlier, but Jefferies continued to maintain a 'Hold' on this stock.
An analyst from Axis Securities said that Jio Financial Services is currently trading at its lowest levels since its listing and has underperformed relative to the broader market in recent times.
In the case of NTPC, the stock has broken out of a Falling Channel on the weekly chart, surpassing Rs 315 level. Axis Securities said it is a pattern in formation since NTPC's October 2024 all-time high.
An analyst from StoxBox said that Tata Steel has demonstrated a strong rally over the past few weeks and has been moving within an upward-trending channel, reflecting a robust bullish structure.
For Hindalco, strong domestic aluminium business is seen offsetting global volatility. Axis Securities suggested a 'Buy' and a target of Rs 710. For Tata Steel, it suggested a target of Rs 155.
Five largest Tata Group stocks- TCS, Tata Motors, Tata Steel, Titan and Trent- which are also part of Nifty50 index, have crashed 16-42 per cent from their respective 52-week highs.
Shares of Tata Steel ended 0.11% higher at Rs 134.90 on Tuesday. Market cap of the firm rose to Rs 1.67 lakh crore.
Tata Steel stock rose 4.12% to Rs 137.70 against the previous close of Rs 132.25 on BSE. Market cap of the firm rose to Rs 1.70 lakh crore.Â
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