Business
CLSA revises Tata Steel share price target, expert suggests buying opportunity on ET Now Swadesh show
Global brokerage firm CLSA has adjusted its target price for Tata Steel shares, lowering it from 145 to 135 rupees. This adjustment comes alongside a rating change from ‘Outperform’ to ‘Sell’ by CLSA.
Over the past year, Tata Steel has provided investors with a return of nearly 48.26%, marking an increase of 50.50 rupees per share. Looking back over the last five years, the stock has delivered a return of 205.90% with a 104.43 rupee increase.
On the ET Now Swadesh show, technical analyst Kunal Bothra highlighted Tata Steel as a stock to watch, suggesting a potential uptrend ahead. Bothra recommended buying Tata Steel shares at around 160 rupees, with a stop loss set at 150 rupees.
Today, Tata Steel saw a decrease of 1.45% in its share price, closing at 153 rupees. Investors are advised to exercise caution and consult with experts before making any investment decisions in the volatile equity market.
