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HomeMarket NewsStocks To Buy: Tata Group stock gets an upgrade from Nuvama who sees an 18% upside
Of the 33 analysts that have coverage on the stock, 21 have a "buy" rating, seven have a "hold" rating and five have a "sell" rating.
By Shloka Badkar May 14, 2025, 9:31:57 AM IST (Published)
Tata Steel Ltd. shares are in focus on Wednesday, May 14, after brokerage firm Nuvama has upgraded the stock and raised its price target.
Nuvama has upgraded Tata Steel to "buy" from its earlier rating of "hold." It has also raised its price target higher on the Tata Group enterprise to ₹177 from ₹164 earlier.
The brokerage said Tata Steel's fourth quarter adjusted (standalone) earnings before interest taxes depreciation and amortisation (EBITDA) of ₹7,110 crore was in-line with their estimates.
Tata Steel's profitability edged higher at its Netherlands operations during the March quarter, but losses at the UK operations remained higher.
The brokerage has estimated the EBITDA per tonne for the first quarter of the financial year 2026 to increase by ₹2,000 sequentially due to higher prices and lower coal cost, offset marginally by softer volumes.
Tata Steel's Europe operations should start yielding positive EBITDA from the first quarter as well, Nuvama added.
Nuvama has raised Tata Steel's EBITDA estimates for financial year 2027 to 6% to factor in higher profits in Europe amid lower fixed cost.
Of the 33 analysts that have coverage on the stock, 21 have a "buy" rating, seven have a "hold" rating and five have a "sell" rating.
Shares of Tata Steel are trading 4% higher in early trading on Wednesday at ₹155. The stock has risen nearly 14% in the last one month.
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