Please Share:: 
India Equity Research Reports, IPO and Stock News
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Tata Steel
Remarks : Tata Steel is a leading steel producer with global foot print.
Although steel demand growth has declined in India due to the slowdown in the automobile, and infrastructure
and construction projects, Tata Steel has benefited from the reduced output due to iron ore
supply shortage in Karnataka and increased the premium and sales volume. Further, the company has derisked
itself from a slowdown in projects by strengthening its retail presence through 2,800-strong dealer
network.
The brownfield expansion of 2.9mtpa at Jamshedpur would increase the share of profitability from the
Indian operations.
After the recent correction, the current market capitalisation of Tata Steel is failing to capture the true
value of Tata Steel’s European assets (formerly Corus plc), which, we believe, the market will gradually
factor in over the medium to long term as the European crisis gets resolved.
click link below for COMPLETE list, details of other company in Mahurat Picks for Diwali 2011 ::ShareKhan
No comments:
Post a Comment