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Tata Steel Share Price Target, Q2 Results: Tata Steel shares are in uptrend today (Thursday, November 13) following the announcement of stellar quarterly
results for July to September period of current financial year (Q2 results FY2025-26). Tata Steel shares opened gap up at Rs 184 on NSE, up 3.02 per cent versus the previous close of Rs 178.61. At 9:40 AM, Tata stock traded firmly in the green at Rs 182, up 1.90 per cent. As many as 1.94 crore shares of the Tata company changed hands in first 20 minutes of trade. On the BSE, Tata Steel shares quoted 1.80 per cent higher at s 181.85 with spurt in volume by more than 1.11 times. Tata Steel was also among the top gainers in both the benchmarks in early trade.
Tata Steel Target Price
Post Q2 FY2026 results, Morgan Stanley has maintained Overweight rating on Tata Steel shares for a target price of Rs 200.
The brokerage noted that Q2 EBITDA was above the consensus estimates and that it positive on cost savings and margin recovery execution.
Tata Steel Q2 Results
Earlier on Wednesday, Tata Steel reported an over fourfold jump in consolidated net profit to Rs 3,183.09 crore in the September quarter. Tata Steel had clocked a net profit of Rs 758.84 crore in the July-September period of FY25.
Tata Steel said that its profit was supported by revenues from the India business. The company earned a revenue of around Rs 38,592 crore from India operations, which includes Neelachal Ispat and Nigam Ltd (NINL).
Tata Steel's total income increased to Rs 59,052.84 crore in Q2 against Rs 54,503.30 crore in the second quarter a year ago.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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