World steel market was hit hard by recession; therefore, we also saw great devaluation in various steel company stocks. Tata Steel stock was also one of these steel stocks which saw tough weather. Six months back Tata steel stock was at Rs 150 in the month of March and in few days it has touched Rs 528 level. Therefore, we can saw that Tata steel has offered good profits to investors up to 3.5 times. After taking over Corus, Tata steel’s main performance depends on international market. Presently, Tata Steel is facing some heat from various trade unions of Corus which are demanding for Bonus as given to Indian workers of Tata Steel. This news has caused some panic selling in this stock. Overall rating for this stock is good but we can see more correction in this stock soon. This stock is good buy below 450 levels and people can expect 25-40% returns from this stock in one year time.
Present Price- 498
Action- Wait
Future Potential- 25-40% increase after some correction
Risk Level- Medium
Future potential – 600 – 750 (one year time frame)
Stop Loss – 430
Present Price- 498
Action- Wait
Future Potential- 25-40% increase after some correction
Risk Level- Medium
Future potential – 600 – 750 (one year time frame)
Stop Loss – 430