Is there any chance of stocks like tata steel reach their previous highs of 924 in another 3 years?
About: Company: Mercator Lines Ltd.
As you must be aware that Tata steel belongs to a cyclic sector.Due to the slowdown in industrial activity the demand for steel and other capital goods slackens, but there is no lies no doubt that there will be another wave of growth in an year or so and this time it should be even higher especially in case of India. Infrastructure development will be at the forefront of this growth and therefore companies like Tata steel will flourish. Even its acquistion of Corus will pay of with the increased production capacity. It can definitely touch its previous highs in 3 years or so.