Tata Steel is an integrated steel producer, which manufactures a variety of steel products. The company's products include steel ball bearing rings, alloy steel bearing rings, annular forgings, flanges, bearings, welded steel tubes, cold rolled strips and seamless tubes. Tata Steel also manufactures metallurgical machinery. Tata Steel, the world's sixth largest steel maker has an equity capital of Rs.730.58 cr.

Tata Steel has posted a good second quarter results. Tata Steel's net profit rose 50.1% to Rs.1787.81 cr on a 43.1% rise in sales to Rs.6850.67 cr in Q2 September 2008 over Q2 September 2008.

The company has always posted good financial results. The top line and bottom line growth has always been robust. In current global turmoil the stock has fallen down almost 85% from its 52 week high. Tata steel Ltd has curbed the production by 30% due to falling demand for Steel in Global market. The out look in long term for Steel industry is very good. It is the steel industry that writes the Growth story for any nation.

Tata Steel has been in the business from last 100 years. The company had gone through tough conditions many times in its 100 year life. Tata steel will bounce back to growth path, as it is doing from last many years.

Now the stock is not under RBI ceiling limit. Once the demand for steel rise in global market we will see bigger investment in this counter by FII. Hence being NRI one should not miss the opportunity to invest in this stock.


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