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Tata Steel, JSW Steel, SAIL in spotlight after Morgan Stanley, HSBC revise target prices

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Tata Steel, JSW Steel, SAIL in spotlight after Morgan Stanley, HSBC revise target prices

Steel stocks could remain in focus after global brokerage firms Morgan Stanley and HSBC reiterated their positive stance on the sector, citing improving demand prospects and expectations of stronger steel prices after the monsoon season. Both brokerages remain constructive on major steel producers, although they continue to differ on some names such as Steel Authority of India Ltd (SAIL). Morgan…

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