š”š²šš š¦ššŗšŗš®šæš
ā¢ Jefferies maintains a positive outlook on Tata Steel, expecting its India margins to expand in the December quarter and Tata Steel Europe losses to narrow by Q4 FY24.
ā¢ The company's UK margin may also improve, but is likely to remain weak during the transition period of building a new 3mtpa EAF over the next three years.
ā¢ In a bull case scenario, the brokerage sees up to 40 percent upside in the stock.