Buy Tata Steel, target Rs. 1500- Rs 1800.

Tisco after buying corus has become a giant (the world’s sixth-largest steelmaker in terms of sales) as per its latest consilidated result (On Thursday 26 June 2008, the company reported 195.64% jump in consolidated net profit to Rs 12349.98 crore on 415.04% growth in total income to Rs 132110.09 crore in the year ended March 2008 over the year ended March 2007. The results are non-comparable due to merger Corus Group with Tata Steel in FY 2008.) At current price of Rs. 730 its a great value buy , as per my calculations its sure target is Rs 1500 to Rs.1800 sooner or later.