Global brokerage firm UBS reiterates 'Buy' on Tata Steel and has revised its price target upwards to Rs 1,800 per share.
The issue looks expensively priced but being a niche company and frenzy for startup IPOs, it may accelerate in short term due to first-mover advantage
In the grey market on July 13, the shares were hovering around Rs 83, implying a premium of Rs 7 or 9%