Jefferies predicts a boost in Indian steel stocks, like Tata and JSW, due to potential price hikes and improved margins.

Global brokerage firm Jefferies has positive outlooks on Indian metal stocks, particularly Tata Steel and JSW Steel, raising Tata Steel's target price to Rs 180 and JSW Steel's to Rs 920. Despite being overbought, Tata Steel's stock has seen varied broker opinions with target prices ranging from Rs 160 to Rs 190. Jefferies believes steel prices could rise due to potential safeguard duties and a 20% below-average Asian steel spread. This could boost margins and valuations for Indian steel producers.