BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
|Target Hit|| Long (1Y)
Bank of America Merrill Lynch maintains underperform on Tata Steel
Margin pressure is likely to persist in India. Margins on Tata Steel's European operations are also likely to be capped due to overcapacity. Net debt is likely to increase further in FY15.