Edelweiss is bullish on Tata Steel has recommended buy rating on the stock with a target price of Rs 637 in its research report dated February 14, 2017.
Edelweiss' research report on Tata Steel
We are upbeat on TSL’s Q3FY17 performance and receding concerns on European operations. In view of the stock trading at lower end of 10 year valuation range, we upgrade the stock to ‘BUY/SO’ from ‘REDUCE/SU’ with revised TP of INR 637/share (earlier INR 308/share).
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.