Is it good to buy Bhushan Steel?
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Is it good to buy Bhushan Steel?
Tata Steel buying Bhushan Steel is a Good Start, But a Long Journey Awaits. This means banks will have to take a haircut of Rs 20,851 crore (Rs 56,051 crore minus Rs 35,200 crore) or 37\%, on the loans they had given to Bhushan Steel. 3) The banks have also been offered a 12.27\% stake in Bhushan Steel.
Is Tata Steel BSL a multibagger?
Tata Steel BSL was identified as a potential ‘MULTIBAGGER’ stock. Research Analyst Ashish Chaturvedi said that Tata acquired this company from IBC in 2018 and now it is a complete Tata subsidiary.
Post regulatory approvals, the company announced that Tata Steel BSL (listed entity) will be amalgamated with Tata Steel at the ratio of 15:1. This means, for every 15 shares of Tata Steel BSL, the investor will receive 1 share of Tata Steel.
Why did Tata Steel Buy Bhushan Steel?
It can use that ore for Bhushan Steel’s plants, thus generating higher profits from the same assets. ii. Sustaining dominance in Auto Sector: The acquisition of Bhushan would strengthen Tata’s foothold in the auto-grade steel industry and give it greater access to the Northern market.
Is Bhushan Steel merger with Tata Steel?
The merger of the company is as per sanction of India’s National Company Law Tribunal, the company said. In 2018, Tata Steel Limited acquired Bhushan Steel Limited (BSL) through the bankruptcy resolution process and renamed the company Tata Steel BSL Limited.
What is the target of Tata Steel BSL share?
Rs 110
NSE -1.22 \% with a target price of Rs 110. The current market price of Tata Steel BSL Ltd. is Rs 99.25.
Why did Tata Steel BSL Fall 2014?
Shares of Bhushan Steel have tumbled 74.33\% from Rs 394.85 on 1 August 2014. Earlier this month, the Central Bureau of Investigation (CBI) arrested Bhushan Steel’s Vice Chairman and Managing Director Neeraj Singal in the Rs 50 lakh bribery scandal involving Syndicate Bank chairman S K Jain, who is also in custody.
When Tata Steel take over Bhushan Steel?
18 May 2018
Tata Steel on 18 May 2018 announced the completion of its acquisition of the then Bhushan Steel (BSL) through its wholly owned subsidiary Bamnipal Steel Ltd (BNPL), wrapping up the resolution of the first case under Insolvency and Bankruptcy Code, 2016.
Is Bhushan Steel Ltd (BSh) in a bull market?
According to present data Tata Steel BSL’s Bhushan Steel Ltd shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). Currently there seems to be a trend where stocks in the Other Manufacturing sector (s) have been popular in this period.
Is Bhushan Steel a company with too much debt?
Yes Bhushan steel is a company with too much debt..but don’t forget it is the only reason it’s selling it’s shares too other (in this case Tata steel).. Tata steel is not fool to buy this only to get loss..
Is Tata Steel BSL Ltd (tsbsl) stock a good investment?
At Walletinvestor.com we predict future values with technical analysis for wide selection of stocks like Tata Steel BSL Ltd.. If you are looking for stocks with good return, Tata Steel BSL Ltd. stock can be a bad, high-risk 1-year investment option.
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