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Tata Steel
Tata Steel hammered down. Big arbitage players in the counter
Posted by :
souravkunduTracked by: 0 Boarder
HK saab.... welcome on Tisco board.
My buy orders for Tisco are pending at 250 levels... I just hope that I get it at that valuations... :-))
I guess this correction is god sent to us... provided we have faith and believe that recession is not permanent... and that sooner than later valuations will pick up with fundamentals... and the same FIIs will be flocking these stocks... and I swear I will not sell my shares to them cheaply... I will sell the same Tisco shares to these FIIs at five times current valuation... and I know they will...
They have been rap*ing the retail investors time and again... its time the retail investors tighten their asses and break the FII dicks...
How is your portfolio looking by the way...? After more than 3 years, my entire portfolio shows only one color...
regards,
Sourav...
In reply to:
Tata Steel hammered down. Big arbitage players in the counter
Posted by : HK65
During panic everything is discounted, if you look at the steel prices of today on LME and CMP Tata Steel and compare with 28 month`s back LME prices and the scrip price at that time, you may see the steel prices still above those levels but the scrip has gone much below the support price of 350. 
Tata Steel hammered down. Big arbitage players in the counter
Posted by : HK65Tracked by: 0 Boarder
During panic everything is discounted, if you look at the steel prices of today on LME and CMP Tata Steel and compare with 28 month`s back LME prices and the scrip price at that time, you may see the steel prices still above those levels but the scrip has gone much below the support price of 350. ...
In reply to:
Tata Steel hammered down. Big arbitage players in the counter
Posted by :
Arunad
My dear,r u aware that realisation in steel has gone down by 40% in short period of 2 months and still there seems tobe no demand.Production cut from 15 to 50 % is being announced by steel companies. TATA STEEL has incurred huge non productive investments/expences in many places like Bangla Desh,Gopalpur etc. TATA has also aquired few assets which had earlier gone sick and to recover old dues,same has been taken over like Indore Wires etc. All such things now along with global crisis and demand erosion is pulling Tata steel down.I`m expecting this will be below 200 in next 2/3 sessions. Better go short if you have ready for delivery and wait for settlement to square.
WE ARE FUNDAMENTALLY VERY SOUND
Posted by : basit222Tracked by: 0 Boarder
INDIA IS A STRONG ECONOMY,BELIVE US WE ARE FUNDAMENTALLY VERY SOUND .TRUST INDIA ,TRUST FINANCE MINISTRY . DON`T PANIC WE WILL BOUNCE BACK....
Tata Steel hammered down. Big arbitage players in the counter
Posted by : ArunadTracked by: 0 Boarder
My dear,r u aware that realisation in steel has gone down by 40% in short period of 2 months and still there seems tobe no demand.Production cut from 15 to 50 % is being announced by steel companies. TATA STEEL has incurred huge non productive investments/expences in many places like Bangla Desh,Gopalpur etc. TATA has also aquired few assets which had earlier gone sick and to recover old dues,same has been taken over like Indore Wires etc. All such things now along with global crisis and demand erosion is pulling Tata steel down.I`m expecting this will be below 200 in next 2/3 sessions. Better go short if you have ready for delivery and wait for settlement to square....
In reply to:
Tata Steel hammered down. Big arbitage players in the counter
Posted by : dhaval972
Funds, who have a huge quantity of Tata Steel are betting on risk free CCPs. As from today`s price there`s nearly Rs.35 difference in CCPs conversion & Tata Steel shares. Funds & Big investors who have huge quantities are selling Tata Steel & buying risk free CCPs & making a quick buck of Rs.35 per share. So it is obvious that selling will be there, till the CCPs gets converted into Equity Shares. After all who will like to miss risk free return of Rs.35 per share in this volatile markets. So one had to wait till CCPs are converted into Shares. Also at the current price the yeild works around 4.5%, which is taxfree. Even if CCPs goes down to Rs.10/- still you are going to get Rs.2 per CCPs & even if it touches Rs.100, you are going to get Rs.2 per CCP. Downside risk is limited in Tata Steel & also in CCPs. One needs to have courage to enter into this world`s 5 largest steel company`s stock, which is quoting at less then $6. Thanks
Tata Steel
Posted by : vkk43Tracked by: 0 Boarder
The undertone of Tata steel is distinctly weak and so it will take quite a bit of time now to regain its glory....
In reply to:
Tata Steel
Posted by : PRABHU_DEVA
my dear i have invested 3000 share at 400 at 590 then 450 then 404 two years back but i am not worried this is a 100 year old company and is a gem so keep it like you keep your property when this uncertainity ends you will get handsom return. this share is quoting at 1 p/e level if you have read my earlier message of one year back i had written in that message that in 2008 their will be recession and the company that makes specelised steel and have presence in many country will survive
Tata Steel
Posted by : PRABHU_DEVATracked by: 0 Boarder
my dear i have invested 3000 share at 400 at 590 then 450 then 404 two years back but i am not worried this is a 100 year old company and is a gem so keep it like you keep your property when this uncertainity ends you will get handsom return. this share is quoting at 1 p/e level if you have read my earlier message of one year back i had written in that message that in 2008 their will be recession and the company that makes specelised steel and have presence in many country will survive ...
In reply to:
Tata Steel
Posted by :
anand4131
i had bought 100 shares of tata steel @Rs 500/- as i am a long term investor, i can wait for next 2-3 yrs. please tell me what should i do? also tell me what to do in this bear market as i have invested a lot during past few months, as i mentioned earlier i can wait.(what is overall market scenario? can we see BULL market again?)
Weakness
Posted by : vkk43Tracked by: 0 Boarder
This share shows continued weakness....
Tata Steel hammered down. Big arbitage players in the counter
Posted by : dhaval972Tracked by: 0 Boarder
Funds, who have a huge quantity of Tata Steel are betting on risk free CCPs. As from today`s price there`s nearly Rs.35 difference in CCPs conversion & Tata Steel shares. Funds & Big investors who have huge quantities are selling Tata Steel & buying risk free CCPs & making a quick buck of Rs.35 per share. So it is obvious that selling will be there, till the CCPs gets converted into Equity Shares. After all who will like to miss risk free return of Rs.35 per share in this volatile markets. So one had to wait till CCPs are converted into Shares. Also at the current price the yeild works around 4.5%, which is taxfree. Even if CCPs goes down to Rs.10/- still you are going to get Rs.2 per CCPs & even if it touches Rs.100, you are going to get Rs.2 per CCP. Downside risk is limited in Tata Steel & also in CCPs. One needs to have courage to enter into this world`s 5 largest steel company`s stock, which is quoting at less then $6. Thanks...
Tata Steel
Posted by : vkk43Tracked by: 0 Boarder
It is continuously falling and hence we should wait and watch its movement. Looks like weakness is not yet over in this share....
In reply to:
Tata Steel
Posted by : crib
if one has to take a long term view on tata steel then one should probably wait till this quarter results. major concern is corus as it does not have raw material security we need to wait and watch corus`s performance. this quarter results will answer lot of the concerns like company`s ability to service its debt and how has the company`s strategy of working with long term contracts worked.... also i believe that the mines bought in brazil will come on stream by dec and then corus will be in a much better control over its input cost....
Tata Steel
Posted by : cribTracked by: 0 Boarder
if one has to take a long term view on tata steel then one should probably wait till this quarter results. major concern is corus as it does not have raw material security we need to wait and watch corus`s performance. this quarter results will answer lot of the concerns like company`s ability to service its debt and how has the company`s strategy of working with long term contracts worked.... also i believe that the mines bought in brazil will come on stream by dec and then corus will be in a much better control over its input cost.......
In reply to:
Tata Steel
Posted by : vkk43
Thanks for your views. Sail is of course getting support below 110/-. For Tisco we should wait and watch.
BSE Announcements on Tata Steel
Posted by : MMB MessengerTracked by: 0 Boarder
Tata Steel Ltd has informed BSE that the 101st Annual General Meeting (AGM) of the Company was held on August 28, 2008....
Tata Steel
Posted by : vkk43Tracked by: 0 Boarder
Thanks for your views. Sail is of course getting support below 110/-. For Tisco we should wait and watch....
In reply to:
Tata Steel
Posted by : treasureddhan
Sail shot up from 104 to 116, Tisco to follow soon. Good rally in Tisco could be expected. BUY TISCO IN LARGE NUMBER, DUMP INFY AS IT IS DEPENDENT ON USA
Tata Steel
Posted by : treasureddhanTracked by: 0 Boarder
Sail shot up from 104 to 116, Tisco to follow soon. Good rally in Tisco could be expected. BUY TISCO IN LARGE NUMBER, DUMP INFY AS IT IS DEPENDENT ON USA...
In reply to:
Tata Steel
Posted by : vkk43
If u r a long term investor, hold Tata steel. Going forward u may get yr price. Bull period will take time. Not less than one year at least.
Tata Steel
Posted by : vkk43Tracked by: 0 Boarder
If u r a long term investor, hold Tata steel. Going forward u may get yr price. Bull period will take time. Not less than one year at least....
In reply to:
Tata Steel
Posted by : anand4131
i had bought 100 shares of tata steel @Rs 500/- as i am a long term investor, i can wait for next 2-3 yrs. please tell me what should i do? also tell me what to do in this bear market as i have invested a lot during past few months, as i mentioned earlier i can wait.(what is overall market scenario? can we see BULL market again?)
Tata Steel
Posted by : anand4131Tracked by: 0 Boarder
i had bought 100 shares of tata steel @Rs 500/- as i am a long term investor, i can wait for next 2-3 yrs. please tell me what should i do? also tell me what to do in this bear market as i have invested a lot during past few months, as i mentioned earlier i can wait.(what is overall market scenario? can we see BULL market again?)...
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