Tata Steel shares hit a 52-week high of around ₹203–₹206 in February 2026, driven by an exceptional 824% YoY surge in Q3 net profit, robust production, and strong demand. Technical analysis confirms a bullish trend, with the stock trading above all major moving averages (5, 20, 50, 100, 200-day), signaling sustained positive momentum. 

Key Analysis Highlights:

• Fundamental Strength: The surge is supported by high ROCE (15.66%) and significant operational improvements, with a 62.5% increase in net profit for the quarter ending Dec 2025.
• Market Sentiment & Targets: Brokerages like HSBC have upgraded the stock to a 'Buy' rating with increased price targets (e.g., ₹235), citing reduced debt and better profitability.
• Technical Outlook: Strong delivery volume (85% higher than the 5-day average) indicates solid institutional buying, with the stock showing high resilience even after breaking past previous resistance levels.
• Sector Drivers: The rally is further fueled by strong demand in the automotive and construction sectors, and government-backed import protection. 

The stock has demonstrated strong outperformance compared to the Sensex and the metal sector index, reflecting confidence in its long-term expansion plans to double capacity by 2030.