Tata Steel

I would still like to stick to my recommendation of Tata Steel. Tata Steel announced its recent quarter results recently and it surprised the markets with a rise in net profits. There were apprehensions and market speculations that Tata Steel could have gone into the red because of losses at Corus UK. However, Tata Steel has managed to buck the trend. This is inspite of the meltdown and the falling prices of steel the world over. Demand from China has slown considerably. Tata Steel is presently available at Rs. 155 ($3) per share and it is available at a very attractive price. I am still bullish on the stock.