Tata Steel posted ₹2,007 crore Q1 profit, up 118% YoY, aided by cost cuts and strong Indian operations. Analysts say the stock is forming a base just below ₹169. A breakout could lead to ₹185. Analyst Rajneesh Sharma sees support at ₹158; global pricing remains a concern. Retail sentiment turned 'bearish' despite a 16% YTD gain.