It is 'wait n watch' for Tata Steel: IDBI Capital

In a chat with ET Now, Sonam Udasi, Head of Research, IDBI Capital, shares his views on Tata Steel.

ET Now: What is your call on Tata Steel and Hindalco?

Sonam Udasi: It is clearly a question of your time horizon. Even Hindalco is either below book or near book. The question in Tata Steel’s case and in this case is that for so long average that you are quoting, it was always a domestic play. Now, it is an international play and lot depends on what happens at Corus. So that will be a drag. From a perspective, people will be more bullish on something like a Jindal Steel & Power if it comes below a value rather than a Tata Steel at this point in time.