Sharma told CNBC-TV18, "There were two concerns in Tata Steel. One was the heavy debt, which it has consciously reduced, it reduced Rs 600 crore in the last quarter and in the current quarter also Rs 600 crore of debt will further get reduced."
He further added, "Also addressing the part of the concerns of the lower margins, Corus business because it was the raw material side was not covered and the acquisitions of Riversdale which has mining rights in Mozambique would help in terms of addressing at least 40% of those concerns there. However, that still leaves 60% exposed but overall my sense is that while Tata Steel can be bought at current levels. The international rumblings could give you opportunities to buy at lower dips also. The investors currently can look at the stock. One should leave some more elbow room to buy at lower levels as well."
