New Delhi, Oct. 28 -- Tata Steel share price extended its winning streak for the fifth consecutive session on Tuesday, October 28, gaining 3% to hit a new 52-week high of Rs.182 apiece as the stock's upward momentum remained intact, supported by a series of bullish brokerage outlooks, with Motilal Oswal joining the list of firms.

The domestic brokerage firm, in its latest note, has upgraded its rating on the stock to 'Buy' from 'Neutral,' with an SOTP-based target price of Rs.210 per share.

It turned bullish on the stock for the following four reasons:

Against the backdrop of an expected rise in realizations, the brokerage expects the company to generate a strong operating cash flow (OCF) of Rs.957 billion, which will help fund the ong...