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Buy Tata Steel, target Rs 683: Emkay Global Financial Services

Emkay Global Financial Services has a BUY call on Tata Steel with a one year target price of Rs 683. The current market price of Tata Steel is Rs 550.95. The company is now re-focusing on its domestic stronghold, which is the fastest-growing steel market among the major economies globally.  With Tata Steel exiting the European and SEA businesses, it should improve the company’s EBITDA profile. However, lower domestic steel prices remain a key factor.

Read More at The Economic Times News date : 15 Apr 2019, Monday

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