The recent deal by TATAS of India for taking over the British Steel company CORUS has surprised many people both in India as well as in rest of the world. Nobody had thought that TATAS would offer such a high price of more than 600p per share as the original offer was about 450p. Some people in market downgraded TISCO after the deal was announced and the stock market reacted negatively to the deal. TISCO fell by more than 12% on that day.

As the history shows TATAS are perhaps the best managed Industrial Business Group in India and I am sure that TATAS must have done enough homework before striking the deal. What appears unattractive at present might in future prove to be one of the best deals. I feel that TISCO's prospects will become brighter due to this move and advise to hold the shares of TISCO and buy further if it declines.