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Wednesday, September 08, 2010

Fw: Company Report: Tata Sponge Iron – BUY

 

Company Report: Tata Sponge Iron – BUY

CMP Rs352, Target Rs413, Upside 17.2%

 

±      Sponge iron prices to remain firm

 

±      Surplus power sales to boost bottomline

 

±      Assured raw material to lead to smooth operations

 

±      Valuations compelling; recommend BUY

 

 

http://content.indiainfoline.com/wc/research/researchreports/Tata_Sponge_080910.pdf

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