Ashwani Gujral of ashwanigujral.com is of the view that Tata Steel a momentum play and recommends holding Bombay dyeing while he feels that NBCC is likley to hit Rs 250.
Multiple brokerages are very upbeat on the development, citing value accretion. They also raised target prices for the stock as well.
Thyssenkrupp and Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in a 50-50 joint venture to create the continent's No.2 steelmaker after ArcelorMittal.
The fate of Tata's British businesses, including the UK's largest steelworks at Port Talbot in Wales, has been uncertain since Tata Steel said more than a year ago it planned to sell the British assets following heavy losses.
Ashwani Gujral of ashwanigujral.com suggests buying Jaiprakash Associates and JK Tyre and Industries and feels that DHFL can test Rs 585.
Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank and Titan Company and feels that Motherson Sumi Systems is likely to test Rs 400-420.
Tata Steel and Thyssenkrupp AG have signed a memorandum of understanding to create a leading European steel enterprise by combining the flat steel businesses of the two companies in Europe and the steel mill services of the Thyssenkrupp group.
The drop in coal import comes as the stocks at power plants have thinned due to short supply and higher power generation. "Coal import (all types of coals) in August 2017 stood at 14.97 million tonnes (mt) (provisional), against 19.75 mt in August 2016," said Mjunction Services, an e-auction joint venture between Tata Steel and SAIL.
"Tata Steel would like to clarify that it continues to be in strategic discussions with Thyssenkrupp," the Indian steel major said in a statement.
Edelweiss is bullish on Tata Steel has recommended buy rating on the stock with a target price of Rs 720 in its research report dated September 12, 2017.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Zee Entertainment and Larsen & Toubro and sell Punjab National Bank.
Move seen as a step to clear decks for its merger with Thyssenkrupp to take place soon.
Tata Steel has finally freed itself from its 15 billion pound UK pension liability. The steel major has received the confirmation from UK's pension regulator for the deal.
Chandan Taparia of Motilal Oswal Securities recommends buying Yes Bank, Ashok Leyland and Tata Steel.
Ashwani Gujral of ashwanigujral.com recommends buying Future Lifestyle, Container Corporation of India, Sun TV, Delta Corp and IIFL Holdings.
Talks between the two firms over a potential combination have been dragging on for a year and a half, held up mainly by lengthy negotiations to cut Tata Steel's pension liabilities in Britain that ended with an agreement last month.
While the consolidation is certainly on the cards, it will be interesting to see who all bags some of these assets. With the improved outlook for steel, sellers are gaining bargaining power.
Sandeep Wagle of powermywealth.com suggests buying Tata Steel and Indraprastha Gas.
Ashwani Gujral of ashwanigujral.com suggests buying Eicher Motors on every dip.
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Rahul Shah of Motilal Oswal recommends buying Dewan Housing Finance, Tata Steel and JSW Energy.
Ashwani Gujral of ashwanigujral.com recommends buying Balkrishna Industries, Tata Steel and Kotak Mahindra Bank.
SCM received the first prize in Electrical Safety, Code of Practices / Safe Operating Procedure of Heavy Earth Moving Machinery Maintenance (HEMMs) and Monsoon Preparedness and second prize in Penetration of OMMS application in the mine, a company release said today.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy TVS Motor Company, Maruti Suzuki, Tata Steel, Siemens and Bharat Forge and can sell SRF.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Finserv, Tata Steel, Sun Pharmaceutical Industries, Heritage Foods and Jaiprakash Associates.