New Delhi, March 13 -- Tata Steel share price surged as much as 1.54 per cent on Thursday's trading session after brokerage firm JP Morgan raised the target price of the stock, while maintaining 'overweight' rating.

At 9:25 am, Tata Steel stock was trading at Rs.152.85 apiece on National Stock Exchange (NSE). Tata Steel shares have gained over 11.23 per cent in over a month.

JP Morgan has set the new target price of Rs.180 over the next 12 months, which suggests a potential upside of over 20 per cent from current levels.

JPMorgan identifies several positive catalysts expected to drive earnings growth for Tata Steel's European operations. Investor interest in Tata Steel's stock has been increasing, as observed during recent marketing ev...