In an interview to CNBC-TV18, Ritesh Shah, Senior Analyst at Investec shared his views and readings on Tata Steel and Bhushan Steel.
Shah said that Bhushan Steel had plans to increase capacity.
He further said that there are unknown variables on treatment of accumulated losses.
Talking about stock, he said we have a buy rating on Tata Steel with target of Rs 895 per share.
Watch accompanying video for more details…
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