Tata Steel declares Q2 results 2026 date: EBITDA may decline QoQ; share price target, stop-loss and outlook in focus

However, he said that Tata Steel is expected to outperform its peers due to the better margin resilience in the September 2026 quarter.Tata Steel also figures in Nuvama's Q2FY27 metal picks. Based on its Q2 FY27 estimates, Nuvama identifies Coal India and Tata Steel as outperformers, backed by stronger volume growth, e-auction realisations and relatively better margin resilience.The brokerage expects Tata Steel to also outperform its peers.

Its relatively higher exposure to flat steel is likely to limit the impact of the decline in long steel prices, with blended realisation expected to fall by only around ₹500 to ₹600 per tonne QoQ. Tata Steel's EBITDA per tonne is estimated to decline by around ₹610 per tonne, the lowest decline among the steel companies covered by Nuvama.Nuvama also expects Tata Steel Europe to turn EBITDA-positive, at around $7 per tonne in Q2 from a loss of $17 per tonne in Q1, helped by higher prices and lower costs in the Netherlands.

This improvement is likely to be partly offset by higher losses in the UK.Tata Steel share price targetTata Steel shares finished lower at ₹175.50 per share on Friday. Tata Steel's share price has corrected over 5% in one month, more than 17% in six months, and around 3.50% in YTD. However, the Tata Group stock has delivered around a 2% return over the past year.Decoding the technical chart of Tata Steel shares, Mahesh M Ojha of KC Securities said, “Tata Steel shares are looking weak on the technical chart, but a trend reversal is visible around the current support zone of ₹172 to ₹170 per share.

The stock is facing a hurdle in the ₹180 to ₹181 band. On breaking above this resistance on a closing basis, we can expect the Tata Steel share price to touch the upside target of ₹196 apiece.”Ojha said that existing Tata Steel shareholders should hold the scrip, maintaining the stop-loss at ₹168 for the upside target of ₹196. He said that fresh investors can also buy Tata Steel stock at around ₹175, with a short-term target of ₹196, maintaining a strict stop-loss at ₹168.Disclaimer: This story is for educational and informational purposes only.

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