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India's Tata Steel to be aided by domestic volume growth, Europe recovery, analysts say

By Reuters News6 hours ago Updated

** Tata Steel TISC.NS rises 1.3% to 172.15 rupees ahead of Q2 results

** Analysts on average expect 9.8% Y/Y rise in consol net profit, 8.5% Y/Y jump in Q2 revenue - LSEG-compiled data

** ICICI Securities expects TISC to outperform peers on stronger flat-steel prices, higher India volumes, and Dutch improvement, though UK operations could remain a drag

** Emkay expects Europe recovery and higher sales volumes to offset lower domestic realizations and elevated coal costs

** PhillipCapital notes lower realisations and higher coking coal costs squeezing margins, with Europe weakness offsetting domestic strength

** Stock rated "buy" on average by 34 analysts; median PT 220 rupees - LSEG-compiled data

** Stock down 4.4% YTD

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