Tata Steel downgraded to ‘Sell’ as Kotak Institutional Equities sees risk-reward turning unattractive
Stating risk-rewards turn unattractive after the recent rally, domestic brokerage firm Kotak Institutional Equities has downgraded Tata Steel from a ‘Reduce’ rating to a ‘Sell’ rating with a target price of Rs 145, which indicates a downside of 9% from the previous closing price of Rs 159 per share. The brokerage expects Indian and European…
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