2. Citigroup expects a decline of 60% profit in 2009-10 and 20% in 2010-11, as against their previous years, even after upgrading its consolidated net profit estimates in these two fiscals by 7-11%. The same has been given in view of Tata Steel acquiring the Corus which is more exposed to current weakness than Tata Steel.
18 Feb 2009
What is correct valuation of Tata Steel?
2. Citigroup expects a decline of 60% profit in 2009-10 and 20% in 2010-11, as against their previous years, even after upgrading its consolidated net profit estimates in these two fiscals by 7-11%. The same has been given in view of Tata Steel acquiring the Corus which is more exposed to current weakness than Tata Steel.
What is correct valuation of Tata Steel?
2009-02-18T19:01:00+05:30
Analyst
Tata Steel|
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