Tata Steel Ltd

CMP: ₹181 (+2.3%) | Sector: Metals & Mining Technical View:

continues its bullish trend, making higher highs after a consolidation breakout near ₹175. RSI 61 shows balanced momentum. Strong support lies near ₹175–₹178 and resistance near ₹186–₹190. Sustaining above ₹185 can extend the rally toward ₹200+. Fundamental View: The company posted a steady Q2 FY26 performance despite weak European operations, supported by cost optimisation and improved domestic realisations. India operations (~70 % of EBITDA) remain resilient. The focus on deleveraging and transition to green steel production adds long-term appeal. Analyst Rating: Brokerages remain Positive/Hold, expecting earnings revival as steel demand strengthens. Consensus Target: ₹195 (≈8 % upside) | Stop-loss: ₹173.