13:50 (IST) 30 Apr 2024Share market today live updates | Motilal Oswal on Tata ChemicalsAccording to a recent report by Motilal Oswal, Tata Steel faces short-term challenges in the soda ash demand-supply dynamics, particularly due to weak demand in Western Europe.
This has led to suppliers, predominantly from Turkey, exporting soda ash beyond Europe, consequently impacting global prices adversely.
Despite these challenges, the report suggests a balanced outlook in the medium term, driven by the emergence of new applications such as solar glass and lithium-ion batteries.
Motilal Oswal’s report indicates that they are broadly maintaining their FY25/FY26 EBITDA estimates for Tata Steel.
The brokerage reiterates its Neutral rating on the stock and assigns a Sum-of-the-Parts (SoTP)-based target price of Rs 980.
13:50 (IST) 30 Apr 2024
Share market today live updates | Motilal Oswal on Tata Chemicals
According to a recent report by Motilal Oswal, Tata Steel faces short-term challenges in the soda ash demand-supply dynamics, particularly due to weak demand in Western Europe. This has led to suppliers, predominantly from Turkey, exporting soda ash beyond Europe, consequently impacting global prices adversely.
Despite these challenges, the report suggests a balanced outlook in the medium term, driven by the emergence of new applications such as solar glass and lithium-ion batteries.
Motilal Oswal’s report indicates that they are broadly maintaining their FY25/FY26 EBITDA estimates for Tata Steel. The brokerage reiterates its Neutral rating on the stock and assigns a Sum-of-the-Parts (SoTP)-based target price of Rs 980.
