Tata Steel Ltd. has been given yet another substantial boost by market analysts, as Motilal Oswal Financial Services upgraded the stock from ‘neutral’ to ‘buy’ with a target price of ₹210 – a 19% increase from the Monday close at ₹176.6.

This is the third positive evaluation for the company in just five days, which highlights the increasing confidence of the investors who are attracted by the strong domestic demand and the slow but steady recovery of the European operations.

The analysts from Motilal Oswal pointed out that Tata Steel would be a successful player due to Indian government’s infrastructure spending, ramping up of the Kalinganagar plant, and lower input costs that would enhance the firm’s profitability. Also, the brokerage has pointed out the management’s attention on reducing debt and productivity which is expected to improve the company’s financial standing in FY26.

The European division of Tata Steel which was underperforming and had a negative impact on the overall results is now gaining momentum through implementation of cost-effective measures and better pricing in the key markets thus making a stronger case for the optimistic outlook.

Recent Analyst Sentiment

Motilal Oswal’s upgrade follows two other positive ratings issued earlier this week by major brokerage firms, citing a strong recovery trajectory in both domestic and international operations.