Tata Steel, R-Infra, Hindalco to see 5-7% correction: BNP Paribas
Many companies like Tata Steel, Reliance Infra, JP Associates, Hindalco etc. continue to struggle with large amounts of debt. Manishi Raychaudhri, strategist and head of research at BNP Paribas Securities, explains the effects caused by high debt levels on the outlook for these stocks and expects a correction of 5-7 per cent from current levels.
