TATA STEEL: Technical and Fundamental BUY
Fundamental: Steel going through down cycle/margin improvement expected in 1QFY25
Analyst pricing the stock between 170 - 180
Technical: Stock at 9-month support line / RSI closed at 29, lowest in comps
I believe it's a low-risk pick as the entire industry trending similarly and can expect a return of 16% - 20% with a price tgt @180 - 200
Analyst pricing the stock between 170 - 180
Technical: Stock at 9-month support line / RSI closed at 29, lowest in comps
I believe it's a low-risk pick as the entire industry trending similarly and can expect a return of 16% - 20% with a price tgt @180 - 200
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