Brokers bullish on Tata Steel despite economic uncertainty

the Tata Steel (NSI: TATASTEEL) the share price increased by 6.12% over the past month and it is currently trading at ₹1,255. For investors considering buying, holding or selling the shares, the question now is whether this price race will continue.

According to business analysts, there is certainly reason to believe that he will continue to perform well in the coming year. In terms of business recommendations, Tata Steel currently has:

• 18 To buy recommendations
• 3 Hold recommendations
• 0 To sell recommendations

This suggests that analysts are generally positive on the outlook.

Research Beyond Broker Predictions

At its current price of ₹1,255sharing in Tata Steel are trading at a discount of -18.2% at its high price of 52 weeks. The 1-year performance of the share was 77.6%.

While analyst forecasts can be a useful guide to what City ‘experts’ think of a stock’s short-term future, they can be unreliable. To get a better idea of ​​Tata Steel’s strengths and weaknesses, it’s worth investigating for yourself. Indeed, we have identified some areas of concern with Tata Steel which you can find out here.