Tata Steel shares opened at Rs 151.56 and touched an intraday high at Rs 154.24 but the stock drifted lower towards the end of the trading session. Tata Steel still managed to close above Rs 150.
Tata Steel share price continued with positive momentum on Monday and the stock touched intraday high at Rs 153.84 by the time of publication of this report.
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.
