Stock market analysts have maintained ‘buy’ rating on Tata Steel stock with an intraday target of Rs 540.

According to them, interested traders can purchase the stock above Rs 535 with a strict stop loss of Rs 532. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 545.
 

Bonn, Germany - Russian steel group Mechel is on the verge of taking over a German steel merchant, HBL Holding, financial-market sources confirmed to Deutsche Presse-Agentur dpa on Wednesday.

The Moscow newspaper Komersant had reported earlier that Mechel outbid the other potential buyers in an auction and had applied to Germany's competition authority, the Federal Cartel Office, in Bonn for merger permission.

A sharp jump in quarterly consolidated net profit and challenges from a tight raw material position were the key areas of Tata Steel chairman Ratan Tata’s address to shareholders at the company’s 101st annual general meeting (AGM), which was marked by fear of protests by environmentalists.

Stock market analysts have maintained ‘buy’ rating on Tata Steel stock with an intraday target of Rs 595.

According to them, interested traders can purchase the stock above Rs 580 with a strict stop loss of Rs 570. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 600.
 

Stock market analysts have maintained ‘buy’ rating on SAIL stock with an intraday target of Rs 158.

According to them, interested traders can purchase the stock above Rs 152 with a strict stop loss of Rs 148. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 160.
 
Shares of the company, on Tuesday (Aug 26), closed at Rs 150.15 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 1191503. Current EPS & P/E ratio stood at 18.99 and 8.02 respectively. The share price has seen a 52-week high of Rs 292.50 and a low of Rs 117.55 on BSE.