Bullish outlook of Tata Steel
We are pretty bullish again on Tata Steel. Steel cycle still remains very strong globally, prices in fact have been going up and we believe that Tata Steel now being 26 million tonne company has obviously got much more leveraged than some of the other players if the steel cycle remains strong.
Over the next few years obviously, there will be the benefit of takeover of Corus and this is going to increase the margins of the whole business so there is a lot of upside. we believe that Tata Steel still has a lot of value and it is a good long-term hold and even a buy.
CAclubindia
