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Tata Steel's Valuation Discount Unwarranted, Says HSBC; Retains Buy Call, Check Target Price
Tata Steel's average one-year forward enterprise value to EBITDA (EV/EBITDA) multiple traded at a 14% discount to JSW Steel, a 3% discount to Jindal Steel and a 28% premium to Steel Authority of India Ltd. (SAIL) during 2023-2025, as per HSBC.
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