Axis Securities upgrades SAIL stock to ’buy’, lifts target price on improving steel spreads
Stocks to buy: Domestic brokerage firm Axis Securities in its latest note has lifted its rating on the Steel Authority of India (SAIL) to ‘buy’ from ‘hold’ and also lifted the target price to ₹130 apiece from ₹115, citing the improving steel spreads, which it believes will improve the stock’s risk-reward outlook. According to the…