Tata steel has come out with a stagering 6 times profit numbers.
But is it really true?
The fact is that the actual profits are not 6 times, but only 2.2 times.
Here is the article revealing the truth.....
http://invest-n-trade.blogspot.com/2007/08/m-balance-sheet-number-game-continues.htmlhttp://invest-n-trade.blogspot.com/2007/08/m-balance-sheet-number-game-continues.html
Traders should be careful while looking at financial report numbers and trading on the basis of those numbers.
But is it really true?
The fact is that the actual profits are not 6 times, but only 2.2 times.
Here is the article revealing the truth.....
http://invest-n-trade.blogspot.com/2007/08/m-balance-sheet-number-game-continues.htmlhttp://invest-n-trade.blogspot.com/2007/08/m-balance-sheet-number-game-continues.html
Traders should be careful while looking at financial report numbers and trading on the basis of those numbers.