Not bad. Cons. Net sales at 36,369.64 Cr(7.3% growth YoY) with an eps of 8.98 ( Last year Q2 was negative, lets not compare this), makes Tata Steel an attractive turnaround story. The PAT at 916.77 cr can be mostly attributed to its Indian operations, and streamlined consolidation of its European operations. It has turned profitable from last quarter, and the Q2 result shows that the revenue is steady. This is quite a sign, and the market has recognized it two months ago. It has already run from the lows of 260, and we are now standing 100 Rs. up. The steam is building up, and the cyclical-trend, favouring the metals sector, should help it sustain above 400 comfortably by year end.
Quoting around 370 as I write, and one can enter on dips.
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