Vedanta reported a good quarter and all eyes now on Tata Steel.
In an interview to CNBC-TV18, Tarang Bhanushali of IIFL shared his readings and outlook on Vedanta and Tata Steel.
"We have upgraded Vedanta from accumulate to buy post results. This is a good opportunity to buy," said Bhanushali.
We do not expect metal prices to correct too much from current levels, he added.
Talking about Tata Steel, he said a jump in coking coal could hit the margins to some level.
He expects flattish EBITDA per tonne from Tata Steel's Europe operations.
Watch accompanying video for more details.
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