Tata Steel, SOIL, IDFC First Bank, MMFSL: Share price targets hint at 20-24% upside

Tata Steel reported movement of -24%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -2.5% on the day at ₹171.30, and has returned -8.3% over three months. It sits 22% below its 52-week high. The metals & mining sector has moved -4.3% over the same period, so Tata Steel is running 4.0 points behind its peers.

For Tata Steel, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.