Metal stocks rise as Jefferies maintains bullish stance on Indian metals

Tata Steel has been given a ‘Buy’ rating, with Jefferies increasing its target price to Rs 180 from Rs 165. Meanwhile, JSW Steel has received a ‘Hold’ rating, with its target price revised upward to Rs 920 from Rs 850. Hindalco continues to be a favored pick with a ‘Buy’ rating and a target price of Rs 800.