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.
Showing posts with label expert view. Show all posts
Showing posts with label expert view. Show all posts
Saturday, August 28, 2010
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