Company updateBusiness Today
Tata Steel, Hindalco, Power Grid shares upgraded to 'Buy'; brokerage raises target prices
Positive+2
GreyOak summary
Nuvama Institutional Equities upgraded Tata Steel, Hindalco, and Power Grid to 'Buy' and raised their target prices following Q2 FY27 earnings. Tata Steel reported EBITDA of Rs 10,320 crore, while Hindalco beat estimates with Rs 8,450 crore. Power Grid saw PAT rise 8.4% YoY. The brokerage raised estimates for FY27 and FY28 for all three companies.
What it affects
- Hindalco IndustriesHINDALCOPositive +2
Upgraded to Buy with target raisedRolling sentiment Positive +53
- Tata SteelTATASTEELPositive +2
Upgraded to Buy with target raisedRolling sentiment Positive +43
- Power Grid Corporation of IndiaPOWERGRIDPositive +2
Upgraded to Buy with target raisedRolling sentiment Positive +25
Source
Read the original at Business TodayMore Hindalco Industries news
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