Tata Steel Ltd. share price target

Arcelor Mittal's (AM) Q1CY15 results saw its European segment stand out with it being the onlysegmentreportingsequentiallyhigherprofitscomparedtodecliningprofitsfortheother segments. Higher production and sales drove the profits while per tonne profits stood flat....

Tata Steel is expected to report strong performance during the quarter primarily driven by improving European performance and lower external iron ore consumption in India. We expect the company to once again surprise the street with beat on consensus earnings....

Buy at Rs 370.1 Short term traders buy at the CMP for target of Rs.409, Medium term investors buy on dips to Rs.302-320 band for a target of Rs.409

More than a century old and Asia's first integrated private sector steel company, the Tata Steel Group is among the top-ten global steel companies with a crude steel capacity of nearly 30 mtpa. It is the world's second-most geographically-diversified steel producer with operations in 26 countries and commercial presence in over 50 countries. Tata Steel's larger production facilities include those in India, the UK, the Netherlands, Thailand, Singapore, China and Australia. The slowdown in China as reflected in their macroeconomic data has sent the global iron ore and coking coal prices spiraling down. This has significantly lowered the input costs of steel producers worldwide. While iron ore fines have fallen 28.6%...