Tata Steel shares jump 12% so far in April. Here’s why Nomura stays bullish on India’s steel sector

April 21, 2026

Tata Steel shares are nearing record highs, up 12% in April, as Nomura maintains a bullish outlook on India’s resilient steel sector. The brokerage believes global headwinds, including Chinese competition and Middle East conflict impacts, will have limited effect on major players’ earnings potential.

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