10/31/2014

Tata Steel stocks' expected to rally between November to January - The Economic Times

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Tata Steel stocks' expected to rally between November to

January
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By ET Bureau | 31 Oct, 2014, 04.08AM IST

In each of the past six years, since Tata Steel acquired Corus, its stock has rallied at least
20% from its lows in November to January. Analysts said this is on account of increased
demand ahead of the Chinese New Year in January end or early February. The steel
demand in the developed economies starts improving from December quarter and post
monsoon in India. Although this should benefit all steel companies, Tata Steel has the
highest beta and is likely to outperform its peers if the shares of the sector were to rally. The
stock has bounced back strongly from its low of Rs 437.8 in the last two weeks to Rs 475,
gaining 8%.

In each of the past six years, since Tata Steel acquired Corus,
its stock has rallied at least 20% from its lows in November to
January.

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