Tata Steel good from a short to medium-term perspective: Gajendra Nagpal, Unicon Financial

Gajendra Nagpal, CEO, Unicon Financial, in a chat with ET Now talks about Tata Steel.

How do you foresee Tata Steel going ahead?

ArcelorMittal has raised prices which means the demand from Europe, which obviously is at the moment not such a great economy, is bouncing back plus their Corus benefit is going to come their way sooner than later. All these put together make Tata Steel a reasonably good play from a medium-term perspective.

China was trying to slow its economy and that is why we had seen damage happening in some of the commodity stocks but by and large, that damage has been already reflecting in the prices. Going forward, any positive thing that comes from China and we have been discussing about good things coming from Europe, both these put together make Tata Steel a reasonably good play from short to medium-term perspective.