buy tata steel- target 600 Reason: After months of negotiations, Tata Steel-owned Corus has tentatively agreed to sell the beleaguered Teesside Cast Products (TCP) plant to Thailand's Sahaviriya Steel Industries (SSI) for a price of £320 million (Rs 2,325 crore). Win Viriyaprapaikit, President of SSI, said: “This transaction will enable SSI to fulfil its long-standing objective of becoming a fully integrated steel producer with both primary steelmaking and rolling facilities.” So accumulate tata steel now at this low price of 510.
Software stocks: Better to avoid software stocks except Patni.
Bank stocks are also overvalued. So expect corrections.
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