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CLSA cuts FY10 EPS estimates for all Indian steel cos

Published on Thu, Oct 23, 2008 at 11:22 |  Source : CNBC-TV18

Updated at Thu, Oct 23, 2008 at 16:12  

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CLSA said Tata Steel could turn in to a loss making company for next quarter or two, if European steel prices fall sharply, reports CNBC-TV18.

 

Going ahead, the agency said it sees highest potential downside in Tata Steel and JSW Steel , adding that it has cut FY10 EPS or earnings per share estimates by 16-27% for all Indian steel companies.

 

CLSA said it also cut Tata Steel's price target to Rs 225, and it would rather prefer SAIL.

  

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