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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