Buy TATASTEEL l for Rs 220 target: Sneha Poddar of MOFSL
Tata Steel Share Price Target: The metal pack is buzzing and has outperformed the markets in the last few weeks. The Nifty Metal index has jumped nearly 7 per cent in the last one month versus 4 per cent decline in the Nifty 50 index. Speaking to ET NOW Swadesh, Sneha Poddar, VP of research at wealth management, Motilal Oswal Financial Services Limited, has recommended buying Tata Steel shares from the metal pack. She said that Tata Steel has potential to cross Rs 200-mark soon. She said that the entire metal sector, especially steel manufacturing companies are in a good traction ever since the government announced the imposition of anti-dumping duties.
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