Brokerage firm Motilal Oswal has upgraded shares of Tata Steel Ltd . on Tuesday, October 28, to "buy" from its earlier rating of "neutral".

The brokerage has also revised its price target higher for the Tata Group stock to ₹210 from ₹180 earlier, implying a potential upside of 19% from Monday's closing levels.

This is the third bullish recommendation that Tata Steel has received in the last five days. On October 23, brokerage firm Nomura had initiated coverage on the stock with a "buy" rating, while on Monday, InCred Equities had upgraded the stock to "add" from its earlier rating of "reduce", along with an upward revision in price target.

Motilal Oswal believes that Tata Steel's strong domestic outlook, coupled with a breakeven in the European business will drive the company's consol

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