High Court Grants Stay on Tata Steel Tax Proceedings Until March 25, 2026
The High Court has granted Tata Steel a stay on tax proceedings until March 25, 2026, providing the steel company with temporary relief from ongoing tax disputes. This judicial decision offers Tata Steel protection from immediate tax-related legal challenges and allows time to address the underlying issues through proper legal channels.
HSBC Raises Tata Steel Target Price to Rs 250 on Multi-Year Regional Protection Benefits
HSBC has upgraded Tata Steel's target price to Rs 250 from Rs 235, maintaining a Buy rating based on multi-year regional protection benefits. The upgrade reflects positive impacts from UK import protection, EU CBAM, and India safeguard duties, which are expected to boost FY27-28e earnings by 5-14%. The brokerage highlights supportive India margins and prices, with potential additional catalysts from China's export and production cuts.