BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
CLSA maintains sell on Tata Steel
Too much optimism is priced in the stock. India margins likely to weaken. Too early to argue big about recovery in Corus' margins. Stock trading at rich valuations of 6.6-times FY16 EV/EBITDA. Target Rs 310.