Wednesday, December 3, 2008

>Tata steel(RBS)

Tata Steel posted a strong 1HFY09 performance, with operating profits up 73% yoy.
However, we expect the rapid price deterioration in the past few months to lead to a
severe earnings decline from 2HFY09. Maintain Sell with new target price Rs115

To read full report Tata steel(RBS)