Tata Steel Share Zoom after JP Morgan increased the target price; Do you have?

Tata Steel action price Increased up to 1.54% during Thursday’s negotiation session after the brokerage company JP Morgan increased the target price of the action, while retaining the “overlapping” note.

At 9:25 a.m., Tata Steel Stock was negotiated at ₹152.85 Each on the National Stock Exchange (NSE). Tata Steel Sharites won more than 11.23% in more than a month.

JP Morgan set the new target price of ₹180 in the next 12 months, which suggests an increase of increase of more than 20% compared to current levels.

JPMorgan identifies several positive catalysts which should stimulate the growth of the profits of European Tata Steel operations. The interest of investors in Tata Steel’s actions has increased, as observed during recent marketing events in Hong Kong and Singapore.

However, JPMorgan believes that certain investors must still fully recognize the potential positive impact of recent developments, such as the announcement of the German infrastructure fund and the sharp increase in European steel differences.

JP Morgan Positive on the course of Action Tata Steel

European steel differences jumped 18% quarterly and more than 60% on a punctual basis compared to the average of the third quarter. JPMorgan suggests that these improvements have not yet been taken into account in consensual estimates and expect Tata Steel’s European activities to reach Ebitda’s profitability threshold by the first quarter of fiscal year.

Given the favorable market trends, JPMorgan has considerably increased its Baiib forecasts per tonne (EBITDA / T) for European Tata Steel operations for exercises 26 and 27 to $ 68 and $ 70 per tonne, respectively, against previous estimates of $ 19 and $ 27 per tonne. Consequently, JPMorgan has also increased its global projections of EBITDA for the FY26 and 27 from 8 to 11%.

TataMarket capitalization is now roughly ₹2 Lakh crores, representing 6.9% of the TATA group’s total market capitalization.

Notably, Tata is one of the only three Tata group actions that have provided positive yields this year. The other two are Benares hotels, which jumped 47%, and Tata consumer products, which earned more than 4% during the same period.

Non-liability clause: This story is only for educational purposes. The above views and recommendations are those of individual analysts or brokerage companies, no mint. We advise investors to check with certified experts before making investment decisions.