23 Oct 2025 | 5 Mins Read
Nomura sees 25% upside in Tata Group stock
Flipitmoney
Nomura initiates coverage on Tata Steel with a 'Buy' recommendation and ₹215 target, implying a 25% potential upside. Tata Steel's domestic focus, improved utilisation, and sustainability initiatives drive the recommendation. Nomura expects asset utilisation to reach 96% by FY28F and operating leverage to improve, driving margin expansion, and makes positive EBITDA forecasts for Tata Steel Europe.