Positive on Tata Steel purely on operational improvements, says Edelweiss
“We have a positive view on Tata Steel. Our own target is Rs 565 at the moment,” said Amit Dixit, Research Analyst of Edelweiss Institutional Equities in an interview with CNBC-TV18.
“We have a positive view on Tata Steel. Our own target is Rs 565 at the moment,” said Amit Dixit, Research Analyst of Edelweiss Institutional Equities in an interview with CNBC-TV18.
“Our price target is based mainly on the performance improvement on organic front. Therefore, our price target doesn’t take any positive impact of this particular divestment coming through,” he added.
He believes Tata Steel is firing on both the fronts, India business as well as Europe business. “Operationally both the businesses look pretty strong and add to it the flavour of possible divestment. Then you have a perfect recipe for a stock that can give you much higher returns,” said Dixit.
(Edited by : Santosh Nair)
First Published: Nov 17, 2020 12:04 PM IST
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