Shares of Tata Steel were trading higher on Thursday after a surprise beat on profit led brokerages to issue bullish calls on the stock. The firm reported a ₹833.45 crore profit for the quarter under review, a major swing from the ₹6,196.2 crore loss posted in the same quarter last year. JP Morgan reaffirmed its “overweight” rating on Tata Steel, setting a price target of ₹180 per share.