Investment in Steel Counters

Hi, I am looking to invest in steel counters, specifically in Tata Steel. So I want to know if it is the right time to invest in Tata Steel and also would you suggest any other stock from the pharma sector..

 

Thank you for you response. I have no expertise on the sector, but as you have said, even I notice that the sector and specifically Tata Steel has been an underperformer, and you have rightly said that the metal prices are very unpredictable and this point has helped me think if it is right to invest in it or not. But assuming that the Make In India might help the metals to grow and now that the price of Tata Steel is beaten up I felt that it would be a right time to invest in it. Again, I think that if at all this stock may perform it would be a long time when I see good returns out of this investment, and at this time there would be better options that might give good returns in a short time, but I have been unable to identify such stocks. Please help me in deciding if my view is correct or am I wrong?

 

One should keep away from Metals until there is a good 10-15% sustainable upmove. MFs/FIIs do not seem to be interested in Metals as of now.

 

Tata Steel has been one of the worst performing NIfty stocks ...valuations are very cheap but the performance quarter on quarter fluctuates a lot....also a sizable portion of their operations are in Europe where outlook is very grim..debt is high....I would suggest you look at some other domestic manufacturer

 

Thank you very much for your reply, I will look at the model portfolios and think of investing in those stocks. Your response is very much appreciated.