Moneycontrol PRO

Tata Steel: Improvement in demand and recovery in steel prices augur well

Divestment of Netherlands business and de-leveraging of the balance sheet hold the key for Tata Steel

November 17, 2020 / 05:03 PM IST
Tata Steel: Improvement in demand and recovery in steel prices augur well

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Tata Steel’s (CMP: Rs 492; Market capitalization: Rs 56,390 crore) September-quarter results were above street expectations on the back of strong performance in the India business and improving performance in the European business as well. On the back of higher steel prices and coking coal prices remaining stable due to the China-Australia trade-off, we expect the strong performance to continue in the December and March 2021 quarter results. Net sales realization is likely to improve in the December 2020...

  • PRO Panorama

    Moneycontrol Pro Panorama | Fed officials show markets the mirror

    Aug 19, 2022 / 05:15 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Axis Bank’s key pivot, climate action gets a reality check, Voltas goes for a trade-off, a trading formula for steady returns and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | RBI Bulletin: India’s time has arrived 

    Aug 20, 2022 / 10:33 AM IST

    Winds are blowing clearly in India’s favour despite all the odds, according to the latest State of the Economy report. Are investors listening?

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers