Prakash Diwan, Chief Portfolio Strategist, Prakash Diwan's Wealth Circle, ECR told CNBC-TV18, "Investor holds on to Tata Steel, wait for new steps to be taken by the company. Particularly they could rationalize their operations in the high cost regime of the UK markets and move to Netherlands or Belgium which should auger very well in the long run. So that could be a big trigger. You can look at about Rs 360 probably in the next six-nine months."
At 14:59 hrs Tata Steel was quoting at Rs 304.60, down Rs 0.75, or 0.25 percent. It has touched an intraday high of Rs 306.75 and an intraday low of Rs 296.70.
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