|
Mumbai: an announcement by the largest steel company, ArcelorMittal, that it would also cut production by 35% owing to a downturn in the automobile and construction segments. Analysts have attached a lower EV to Ebitda to Corus than to Tata Steel. Corus’ ratios are, however, comparable to those of its European competitors like Thyssenkrup and Severstal.
Tata Steel shares, which had touched Rs 942 in January 2008, have come off the highs and are now trading at Rs 246.75 on the Bombay Stock Exchange (as on Tuesday). Tata Motors too has fallen to Rs 185.70 from Rs 809.90 in January last year. TCS, meanwhile, stands at Rs 507.65, compared with Rs 1,054 last June.
However these are far better than just a week ago. At the BSE, the Ratan Tata-led group on Tuesday regained the position as the second-most valued corporate house from Sunil Mittal’s Bharti group....
More from Frontpage
| Single Page Format | Previous - 1 - 2 |
Discuss this story on expressindia forums
|
|
 |
 |
 |
About Us | Contact Us | Advertisers | Site Map | Make us your homepage | Work for Us | RSS | Subscribe | Electronic Edition | Privacy Policy© 2009: The Indian Express Limited. All rights reserved throughout the world
