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Investor confidence in Tata Steel gets a boost on strong earnings of group firm


Investor confidence in Tata Steel gets a boost on strong earnings of group firm
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Though European operations have been a drag for Tata Steel, rising steel prices should boost the company’s prospects. The major trigger for the stock though can be provided by the sale of its Netherlands business that will aid debt reduction too
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MUMBAI: The strong performance of Tata Steel Long Products Ltd for the December quarter, boosted marker sentiment for Tata Steel Ltd as well. On Friday, when broader indices were in the red, the Tata Steel stock traded higher. Shares of Tata Steel Long Products rose more than 8%. ....

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