Tata Steel’s stock price kept going up for the fifth day in a row, hitting a new one-year high of ₹182 per share on Tuesday, October 28. This rise happens after some positive ratings from experts at Motilal Oswal and InCred Equities. People are getting more confident because the company is making a lot of money, demand is high in India, and they’re growing their business.
The stock price jump shows that the market trusts Tata Steel to grow, both in India and Europe, especially as things are looking up for the worldwide steel market.
Motilal Oswal is Now Positive: Says ‘Buy’ Tata Steel, Sees ₹210 Price
Motilal Oswal Financial Services, an Indian firm, changed its rating on Tata Steel from ‘Neutral’ to ‘Buy’. They think the stock can reach ₹210 per share, adding up the value of all its parts.
They say Tata Steel is about to grow a lot, thanks to better prices, high demand in India, and things getting better in Europe. Motilal Oswal thinks the company will bring in ₹957 billion, which will easily pay for its yearly expansion plans of ₹160 billion without having to borrow more money.
The firm is positive because of four main things:
Better Steel Prices – The Indian government might put a 12% tax on imported flat steel, which should help Tata Steel make more money and stay profitable in India.
Europe is Bouncing Back – Tata Steel Europe is starting to do better, going from losing USD 76 per ton to making USD 8 per ton, because energy costs are down and they’re saving money in other ways.
More Demand in India – India is expected to use 8–10% more steel in the next couple of years, because of new construction, government support, and growing industry.
Expanding Quickly – Tata Steel wants to increase how much steel it can make from 26.5 million tons this year to 40 million tons by 2030, which would make it one of the biggest steel makers in India.
As of this year, Tata Steel owes ₹848 billion, but it also has ₹141 billion in cash. This means its debt is 3.21 times what it earns, which is okay because it’s making a lot of money and growing fast.
InCred Equities Upgrades a Lot: Thinks It Can Reach ₹224 Because of Worldwide Growth
InCred Equities is also feeling good, upgrading Tata Steel from ‘Sell’ to ‘Buy’ and raising its target price to ₹224 per share. They see Tata Steel as a way to take advantage of India’s growing industry and the chance to rebuild Europe after the war.
InCred’s report says that Europe might need a lot more steel as things calm down between Russia and Ukraine. Rebuilding after the war could cost US$800 billion and create a long-term need for steel in construction, manufacturing, and energy, which would help steel companies like Tata Steel.
They also said that things are getting tougher for Russia’s oil industry, and Western countries are getting tired of the conflict. This all points to a peace deal, which could mean a few years of high demand for steel in Europe.
Good News: Strong Business and Growth Plans Mean Good Things to Come
With positive opinions from Motilal Oswal and InCred Equities, people are feeling much better about Tata Steel. The company is working on making more steel, paying off debt, and growing in India and other countries, which should help it do well.
Experts think that Tata Steel is making a lot of money, the global economy is getting better, and demand for steel is high in India. All of this should help the stock price keep going up.
For investors, these upgrades show that Tata Steel could be a good way to make money over time as India’s industry changes.
In short:
Tata Steel’s stock price is rising because investors and experts are feeling confident. With good predictions, lots of cash, and plans to grow, Tata Steel should keep doing well, making it a top choice in India’s metal industry for the next few years.
Note: All information and images used in this content are sourced from Google. They are used here for informational and illustrative purposes only.
Frequently Asked Questions (FAQs) on Tata Steel Share Price Rally
Q1. What is driving the company’s share price to a 1-year high?
The surge is mainly fueled by multiple bullish analyst upgrades, including Motilal Oswal and InCred Equities, which have highlighted strong cash flow, ongoing capacity expansion, and improving market fundamentals as key factors.
Q2. What was the latest 52-week high achieved?
The stock touched a fresh 52-week high of ₹182 per share on October 28, 2025, extending its winning streak for the fifth consecutive trading session.
Q3. Why did Motilal Oswal upgrade its rating to ‘Buy’?
Motilal Oswal raised its rating from ‘Neutral’ to ‘Buy’ with a revised target price of ₹210, citing improved realizations, a turnaround in the European business, rising domestic demand, and ambitious expansion targets.
Q4. What target price has Motilal Oswal assigned?
The brokerage has set a target of ₹210 per share, reflecting confidence in strong operational performance, better price realizations, and efficient cost management.
Q5. How is the company expected to benefit from government policy measures?
The proposed 12% safeguard duty on flat steel imports is expected to protect domestic producers and enhance local price realizations, supporting overall profitability.
Q6. How is the European segment performing recently?
The European operations have shown clear signs of recovery, moving from an EBITDA loss of USD 76 per tonne in 2QFY25 to an EBITDA gain of USD 8 per tonne in 1QFY26, supported by lower energy costs and restructuring efforts.
Q7. What are the company’s expansion goals?
The plan is to ramp up total production capacity from 26.5 MTPA in FY25 to 40 MTPA by FY30, aligning with India’s strong steel consumption outlook.
Q8. How much operating cash flow is projected?
The company is estimated to generate about ₹957 billion in operating cash flow, sufficient to fund its annual expansion budget of ₹160 billion without adding leverage.
Q9. What is the current debt situation?
As of 1QFY26, total net debt stood at ₹848 billion, including ₹141 billion in cash reserves, resulting in a net debt-to-EBITDA ratio of 3.21x — a comfortable level considering expected earnings growth.
Q10. What is InCred Equities’ latest stance?
InCred Equities has double-upgraded the stock from ‘Reduce’ to ‘Add’ and raised its target price to ₹224, viewing it as a key beneficiary of India’s industrial upcycle and Europe’s potential reconstruction boom.
Q11. How might Europe’s post-war recovery impact the company?
Analysts believe the estimated US$800 billion post-war rebuilding in Europe will create a long-term demand upcycle in infrastructure, energy, and manufacturing sectors, benefitting global steel producers.
Q12. What broader trends support the company’s growth outlook?
Long-term growth is underpinned by a robust domestic demand environment, stable policy support, a recovering global steel market, and efficient operational scaling.
Q13. How do analysts view future prospects?
Market experts remain optimistic, expecting sustained earnings momentum, improving margins, lower debt levels, and strategic positioning in both domestic and international markets.
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