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Q.

Where is this company is going ? We are surprised with this price going .... any guess ..

About: Company: Tata Steel Ltd.

Asked by kiran raj, 17 Jul '08 12:03 pm
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Answers (3)

1.

TATA STEEL IS ONE OF MY FAV. STOCK IN STEEL SECTOR . ACTUALY TATA STEEL IS MUCH CORRECTED FROM HIGHER LEVEL EARLIER THEN SENSEX. NOW COMPANY HAS PLANED TO HIKE THE STEEL PRICE BY 5000/TONNE SO CLERAY EFFECT ON IT'S REVENUE . TISCO IS SO MUCH CORRECTED YOU CAN PICK THIS SO WHEN PRICES OF STEEL WILL HIKE BY TATA STEEL STOCK WILL SURELY JUMPED MORE THEN 4%

THANKS
REGARDS
MOHIT MATHUR ( SHARE BROKER )
Answered by MOHIT MATHUR, 17 Jul '08 12:19 pm

 
  
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2.

Actually steel stocks are doing good...to control inflation govt has decided not to hike the price of the steel ......until the inflation is under control govt has decided not to cut some exercise tax...thats the exact reason... for the down fall...anyway...stilll Q1 result is ahead...profit margin will be less... so think twice before investing...i think...its not the right time to invest in steel sector...just wait and see for ..july 22nd...govt trust vote.... then move on this stock...
Answered by umesh, 17 Jul '08 02:30 pm

 
  
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3.

Tata Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 26, 2008, inter alia, has recommended, subject to the approval of
shareholders at the Annual General Meeting, dividends of:

1. 2% on Cumulative Convertible Preference Shares (CCPS) of Rs 100 each payable on pro-rata basis from the date of allotment of CCPS i.e. January 18, 2008 to March 31, 2008 and

2. 160% on Ordinary Shares of Rs 10 each for the year ended March 31, 2008.

Tata Steel Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 22, 2008 to July 31, 2008 (both days inclusive) for the purpose of payment of dividends on CCPS (pro-rata) and Ordinary Shares for the year ended March 31, 2008 & Annual General Meeting (AGM) of the Company.
Answered by PRASANTA BARIK, 17 Jul '08 03:00 pm

 
  
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