Sell- Reliance communication: with the tower asset sale being called off with GTL, RCom now has to wait for a new plan before it can reduce its staggering Rs 33,000 crore debt, which would have been reduced by over half (Rs 18,000 crore) if the tower deal would have gone through. The company’s debt increased after it paid Rs 8,585 crore towards 3G spectrum fee.
Buy Tata Steel: Target Rs.600/- With increased price rise coupled with agreement to sell Teeside will increase profitability of Tata steel. Also plan to retire high cost debt with low cost debt and increased demand in the world due to China's problem will add benefit to Corus.
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