Use weakness in metal to add 2 stocks; go contra in chemicals: Sanjiv Bhasin
January 4th, 2024 11:30
Sanjiv Bhasin says: “Tata Steel and NALCO are both in our portfolio from, of course, much lower levels. If we want to play both the aluminium and the steel cycle, it has to be Tata Steel. Tata Steel has consolidated for over three years after that one-off move to 150 or maybe and now it is looking set to cross that 150-175 mark. Add Tata Steel and NALCO on declines.”
Xerox to cut 15% of its work force in the Q1 of 2024
January 4th, 2024 11:30
In a news release, the company said it would reduce its global staff, which included roughly 23,000 employees in 2022, and name a new leadership team. The layoffs are expected to take place in the first quarter of 2024.
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