Outlook for Tata Steel, Kalyan Jewellers, Suzlon Energy, and Indian Overseas Bank

Tata Steel: The company’s share price has been on a downward trend, closing at ₹153.98 on March 28, 2025. Despite initiating green steel projects, the stock remains volatile, influenced by global steel demand and government policies. Investors are advised to monitor developments related to the PLI scheme and safeguard duties closely.

 

Kalyan Jewellers: Kalyan continues to exhibit strong business momentum despite rising gold prices. With plans to launch 90 stores annually under a franchise model and robust growth in the Middle East, the company is poised for long-term success. Share price forecasts predict a rise to ₹834.20 by year-end, reflecting optimism in its aggressive expansion strategy.

 

Suzlon Energy: Suzlon’s share price hovers around ₹49.78, reflecting short-term volatility but promising long-term potential due to India’s renewable energy transition. Its order book remains healthy at 5,622 MW despite recent cancellations. Quarterly profits have surged by 91%, signaling operational improvements amidst market fluctuations.

 

Indian Overseas Bank (IOB): IOB faces challenges with its share price dropping to ₹38.97 as of March 28, 2025. While the stock underperforms in the short term, long-term growth prospects remain tied to operational efficiency and government reforms. Analysts predict a target price of ₹67.45 for 2025.

 

Source: Economic Times, Business Today, Moneycontrol