Tata Steel management improving margins in their Corus business consistently: G Chokkalingam, Equinomics

In a chat with ET Now, G Chokkalingam, Founder, Equinomics Research & Advisory Pvt Ltd shares his views on Tata Steel. Excerpt:

ET Now: What is your view of the metal names, particularly Tata Steel?

G Chokkalingam: I would suggest hold or even buy Tata Steel. I expect around Rs 430 should be the fair price because in my view, this is the best steel company to invest in steel industry. This is the best company and the management is improving the margins in their Corus business consistently.

They have been working hard to find iron ore and a lot of other materials in Europe itself in the western world itself. Hence, that would be positive and I am quite optimistic on Tata Steel.