It is resting on 50d .
With the imminent turnaround in the steel industry coupled up with the Corus unit now coming into the blue zone, the debt will be cleared in the coming years enlightening the bottomline speedily.
Company in its gray days too, never defaulted on dividends, speaks about management's optimism.
Buy and hang-on to this blue chip and it shall definitely strengthen your portfolio with a steely determination.
Buy with a stoploss of Rs 440 ~ 405.