Why Morgan Stanley is bullish on Tata Steel despite write-down
Tata Steel shares have reacted negatively to the news that the company willbook a $1.6 billion non-cash impairment charge for 2012-13 due to weakeconomic and market conditions in Europe.At 13:32 p.m, the stock was down 0.02 percent at Rs 305.According to Morgan Stanley, though the impairment charge was expected thequantum is higher. And so it expects the stock to react negatively in theneat ...
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