Market Targets Set for Tata Steel, Vedanta, SAIL, Nalco, HEG, Jindal Steel, Gravita, Coal India Stocks

Coal Updates
By MMPI News Desk 35 0

Brokerage Emkay Global has released target prices and ratings for several major Indian industrial stocks, outlining investor expectations based on recent sector performance. The metals and mining space saw a mix of Buy and Add ratings, reflecting optimism about future earnings and valuation upside.

According to the latest note, Tata Steel Ltd is rated Buy with a target price of ₹230, while Vedanta Ltd and National Aluminium Company Ltd were also given Buy ratings with target prices of ₹850 and ₹390 respectively. Steel Authority of India Ltd continues to attract a Buy call with a ₹175 target. HEG Ltd and Gravita India Ltd also received Buy ratings with targets of ₹750 and ₹2,400. Jindal Steel and Power Ltd was advised as an Add with a ₹1,125 target, while Coal India Ltd was rated Add with a ₹450 target.

The brokerage said Q4 earnings in the ferrous sector are expected to improve on better realizations and volume growth, although macro volatility continues to shape investor sentiment.

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