Tata Steel shares witnessed a bullish breakout with 4.5% gain over previous close. Tata Steel, SAIL and JSW Steel were among major gainers in steel sector.
Motilal Oswal has reiterated its BUY rating on JSW Steel (JSTL), setting a target price of Rs 1,150, implying an 18% upside from the current market price of Rs 977.
Tata Steel share price was down on Monday as overall market trend was negative after US President Donald Trump introduced tariffs on Canada, China and Mexico.