Buy and Hold Tata Steel for Long-Term Gains

Brokerage houses are bullish on Tata Steel after its December quarter results. They recommend buying the stock, citing strong consolidated results.

Revenue: ₹53,648 crore, EBITDA: ₹5,903 crore, Net Profit: ₹326 crore, Net Debt: ₹85,800 crore.

Tata Steel shares performed well. As of 2:30 pm, the stock was trading at ₹129.20, up 2.24%.

Morgan Stanley gives Tata Steel an EqualWeight rating with a target price of ₹160, citing the domestic business's key role in growth.

Jefferies recommends buying Tata Steel with a target price of ₹165, about 30% higher than the current price.

JP Morgan also recommends buying Tata Steel, setting a target of ₹155. The brokerage highlights the positive sign of net debt reduction and the company's sound business model.

Consult your market expert before making any investment decisions.