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Tata Steel |
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14% Sales drop - Q3
Posted by :
vkk43Tracked by: 0 Boarder
I too feel so. Thanks....
In reply to:
14% Sales drop - Q3
Posted by :
vkeykey
At 185/- it is a great BUY. 
Tracked by: 0 Boarder
The undertone of the share has turned weak today....
get out of Tata Steel
Posted by : marketbearTracked by: 0 Boarder
below 235 Tata Steel is turning weak now and can close below 230 level today itself....
In reply to:
get out of Tata Steel
Posted by : shivabhash
dear marketbear, how true was u r advice regarding tata steel.. hats off to u..fallan to 229..less..regards
get out of Tata Steel
Posted by : shivabhashTracked by: 0 Boarder
dear marketbear, how true was u r advice regarding tata steel.. hats off to u..fallan to 229..less..regards...
In reply to:
get out of Tata Steel
Posted by : marketbear
People are adviced to get out of Tata Steel as stock will follow the market trend in coming days and further weakness in the market will be lead by metals who are rather outperforming the markets.
get out of Tata Steel
Posted by : marketbearTracked by: 0 Boarder
People are adviced to get out of Tata Steel as stock will follow the market trend in coming days and further weakness in the market will be lead by metals who are rather outperforming the markets....
Don`t sell
Posted by :
Cool BullTracked by: 0 Boarder
You can`t compare ISPAT with Tata Steel. They are poles apart in financial matters....
In reply to:
Don`t sell
Posted by : Guest
my view,
1. TATA + corus deal has added lot of burden on TATA steel. The interest burden is huge.
(there was article on ISPAT India 5th largest steel company that its asking government for corporate debt same is the case here lot of interest to pay)
2. Steel industry is going thru rough patch less production-less sale-less profit....beleive me this will carry on for the next quarter too.
i think even at 212 its very bad buy. we shuld think abt buying only in next quarter where new infra projects may help these.
Don`t sell
Posted by : GuestTracked by: 0 Boarder
my view,
1. TATA + corus deal has added lot of burden on TATA steel. The interest burden is huge.
(there was article on ISPAT India 5th largest steel company that its asking government for corporate debt same is the case here lot of interest to pay)
2. Steel industry is going thru rough patch less production-less sale-less profit....beleive me this will carry on for the next quarter too.
i think even at 212 its very bad buy. we shuld think abt buying only in next quarter where new infra projects may help these.
...
In reply to:
Don`t sell
Posted by : rk_singal
My view is tisco has the potential to go up, provided it gets fundings for chorus operations, so it can be a best buy at 212 levels or so.
14% Sales drop - Q3
Posted by : vkeykeyTracked by: 0 Boarder
At 185/- it is a great BUY....
In reply to:
14% Sales drop - Q3
Posted by : CGRK
Tata Steel may give us a chance for re-entry around 200, even 185 level cannot be ruled out. My inferences are based on the following:-
1. The weak demand and pricing environment prevailing in the steel sector will affect Tata Steel`s cash accruals over the short-medium term.
2. The strain on the company`s financial flexibility and capital structure because of ongoing capital expenditure.
3. Acquisition of Corus has given Tata Steel geographical diversity and a strong presence in value-added products but whatever gain offset by Corus`s low profitability and the combined entities exposure to end user industries.
14% Sales drop - Q3
Posted by : CGRKTracked by: 0 Boarder
Tata Steel may give us a chance for re-entry around 200, even 185 level cannot be ruled out. My inferences are based on the following:-
1. The weak demand and pricing environment prevailing in the steel sector will affect Tata Steel`s cash accruals over the short-medium term.
2. The strain on the company`s financial flexibility and capital structure because of ongoing capital expenditure.
3. Acquisition of Corus has given Tata Steel geographical diversity and a strong presence in value-added products but whatever gain offset by Corus`s low profitability and the combined entities exposure to end user industries....
In reply to:
14% Sales drop - Q3
Posted by : MBMSR
wHAT i intepret from this is INTEREST costs would have risen for inventory holding.
Margins subdued due to poor realisations.
This is a cyclical business when it is good it only gets better & when bad it gets worse at cost up / realiations low .
Hence it will go below 212-200 levles once for a reentry then.
world steel king MITTAL is silent due to extreme stress as STEEL is massive game.
Correct me if any better thought is seen.......
14% Sales drop - Q3
Posted by : MBMSRTracked by: 0 Boarder
wHAT i intepret from this is INTEREST costs would have risen for inventory holding.
Margins subdued due to poor realisations.
This is a cyclical business when it is good it only gets better & when bad it gets worse at cost up / realiations low .
Hence it will go below 212-200 levles once for a reentry then.
world steel king MITTAL is silent due to extreme stress as STEEL is massive game.
Correct me if any better thought is seen..........
In reply to:
14% Sales drop - Q3
Posted by : CGRK
The Q3 sales at 1.07 million tons were lower by about 14% as compared to corresponding quarter last year due to current economic slowdown.
However, 27% growth has been registered in the long product sales during the third quarter at 0.48 million tons.
The hot metal production at 1.70 million tons and crude steel production at 1.50 million tons was higher by 23% and 17% respectively as compared to volumes in the same quarter last year.
14% Sales drop - Q3
Posted by : CGRKTracked by: 0 Boarder
The Q3 sales at 1.07 million tons were lower by about 14% as compared to corresponding quarter last year due to current economic slowdown.
However, 27% growth has been registered in the long product sales during the third quarter at 0.48 million tons.
The hot metal production at 1.70 million tons and crude steel production at 1.50 million tons was higher by 23% and 17% respectively as compared to volumes in the same quarter last year.
...
Don`t sell
Posted by :
ashu_doc81Tracked by: 0 Boarder
can anyone pls tell me why we are talking about this fall of tisco below 210 level? market is strong now, and there are no future hurdles till elections in april, and we can expect good growth till that time and we can hold it...am I right?...
In reply to:
Don`t sell
Posted by : rk_singal
My view is tisco has the potential to go up, provided it gets fundings for chorus operations, so it can be a best buy at 212 levels or so.
Don`t sell
Posted by : rk_singalTracked by: 0 Boarder
My view is tisco has the potential to go up, provided it gets fundings for chorus operations, so it can be a best buy at 212 levels or so....
book profits
Posted by : shivabhashTracked by: 0 Boarder
Dear marketbear,thanks,i will hold till 258,for tgt. indicated by.regards....
In reply to:
book profits
Posted by : marketbear
you can hold on the short position atleast for this week. Stop loss can be placed at 258 levels. Stock can come down towards 226 and then 204 level. You can book profits at around 226 level to avoid undue risk.
book profits
Posted by : marketbearTracked by: 0 Boarder
you can hold on the short position atleast for this week. Stop loss can be placed at 258 levels. Stock can come down towards 226 and then 204 level. You can book profits at around 226 level to avoid undue risk....
In reply to:
book profits
Posted by : shivabhash
Dear marketbear,i m short on tatasteel @237 lvl.any chance it will turn back from current lvl.248. what is the resistance ..should i hold for the tgt..235,or less. or book loss.if possible guide.regards
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