I have 700 Tata steel shares at 122.56 rs.. View is for min. 1 year.. what to do?
Ans: the Indian steel industry ranks second in global production, The Indian steel industry outlook for 2023 looks promising with the country gearing to become a US $5 trillion economy. Recent changes in export taxes and import duties on steel, complemented by the rising demand for affordable housing, infrastructure development and construction projects, has led to a pan-India need for steel metal. Moreover, the government’s initiative to make India self-sufficient has made room for sustainable urban development, construction of proposed logistics parks and industrial corridors – all adding to the meteoric demand for finished steel and steel as a raw material.
So HOLD the future is promising.
