Winner’s Curse

Finally TATA Steel has won the race to acquire Corus. But Shares of TATA steel was hammered down in Indian bourses. Market feels that this deal would be a great financial burden for TATAs. Market rumors are that Mittal indirectly pushed up the cost of acquisition for its competitor.

I personally would not buy TATA Steel as the near term appreciation is not expected.

In the long run, this deal may help this reputed and honest company.

My todays’s pick is Aptech
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