CLSA has cut its outlook on the company to 'Sell' from 'Buy'. The investment firm has also reduced its price target to Rs. 290.
Tata Steel is trading on a slippery note on the back of ratings downgrade by a foreign broking firm.
According to media reports, CLSA has cut its outlook on the company to 'Sell' from 'Buy'. The investment firm has also reduced its price target to Rs. 290.
Tata Steel so far in the day has touched a low of Rs. 335, and is now down 1.6 percent at Rs. 336. The counter has seen trades of around 245,000 shares as against the two-week daily average volume of around 808,000 shares on the BSE.
Meanwhile, the Sensex has plunged 231 points to 27,727.
According to media reports, CLSA has cut its outlook on the company to 'Sell' from 'Buy'. The investment firm has also reduced its price target to Rs. 290.
Tata Steel so far in the day has touched a low of Rs. 335, and is now down 1.6 percent at Rs. 336. The counter has seen trades of around 245,000 shares as against the two-week daily average volume of around 808,000 shares on the BSE.
Meanwhile, the Sensex has plunged 231 points to 27,727.
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