Tata Steel surges 3% on expansion plans; brokerages bullish

• Tata Steel shares surged over 3% to ₹171.77, becoming a top Nifty gainer, driven by a positive analyst call.
• Company plans to file its capex plan by March 2026 and expand NINL's capacity to 4.8mtpa.
• Tata Steel entered Maharashtra via a crude steel MoU with Lloyds Metals, focusing on long-term iron ore supply.
• HSBC issued a 'BUY' call with a ₹215 target, citing benefits from India expansion plans.
• NUVAMA gave a 'HOLD' call with a ₹175 target, noting plans for 10mtpa steel capacity addition by FY32.

Why It Matters: Tata Steel's expansion plans and brokerage confidence signal future growth and investment potential.