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CLSA has downgraded Tata Steel to ‘Sell’ from ‘Outperform’ and cut its target price to ?135 from ?145 per share. It has also downgraded JSW Steel to ‘Sell’ from Underperform and reduced the target price to ?730 per share from ?810 earlier. View More

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CLSA cautious on steel companies amid higher valuation, margin pressure; downgrades Tata Steel, JSW Steel