Tata Steel – Accumulate the scrip for quick buck in short term
Tata Steel: BSE code: 500470 Volume: 17113125 CMP: Rs 186.25
Despite steel prices softening globally, the Indian steel giant – Tata Steel – continued to impress its investors with its Q2FY09 results. However, the scrip somehow isn’t finding any takers and has continued to correct on the bourses and the rumor in the market is that it might fall further and hence it creates an opportunity for short to medium term investors. The fact remains that Tata Steel has outperformed the India Inc overall results by quite a while and with such strong fundamentals it is difficult for it to stay low for long. And with expectation of stronger numbers in the coming quarters also, it makes sense to accumulate the scrip at these levels for quick buck in short term.
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informatio as above is usefull and updates knowledge about the investment in good quality a group shares.as govt is keen to give a boost to infra-structure and housing, its sale in country will go up but its addition in capacity in other country may retard its performance due to slow down.i feel in long run the company may reward its shareholders many times of its present value.
I would be happy to know the fate of its convrtible debenture which were due fot its convertion into equity shares and its ratio of conversation, if done. hariomkapoor