Emkay Research has reiterated its BUY recommendation on SAIL, raising the target price to Rs200 from Rs175, implying an upside of nearly 25% from the current market price of Rs160.
SAIL, BHEL and BEML were among major gainers in the PSU space on Monday while overall trend in the market was positive despite tariffs threats from US President Donald Trump.
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.