Retailers,
Be careful with this stock. I am looking at the bulk deals in this counter. Same clients are buying and selling the stock to manipulate the stock price. The stock can go up or down with operator players. I agree this is a good company. But operator playing stocks are not good for investment. The following bulk deals can be seen yesterday.

24-Sep-2008 Austral Coke Yuvak Share Trading Pvt Ltd Buy 150307 257.10 262.00
24-Sep-2008 Austral Coke Cpr Capital Services Ltd. Buy 148533 245.53 262.00
24-Sep-2008 Austral Coke Ambit Securities Broking Pvt. Ltd. Buy 266144 241.14 262.00
24-Sep-2008 Austral Coke Yuvak Share Trading Pvt Ltd Sell 151851 256.78 262.00
24-Sep-2008 Austral Coke Cpr Capital Services Ltd. Sell 148533 245.60 262.00
24-Sep-2008 Austral Coke Ambit Securities Broking Pvt. Ltd. Sell 266149 241.54 262.00

...

Allotment status available at intimespectrum site. 205 shares allotted for for full application...

See the bulk deals for this stock in yesterday\\`s trade,

17-Sep-2008 Austral Coke Prashant Jayantilal Patel Buy 176290 259.51 267.65
17-Sep-2008 Austral Coke Dinesh Munjal Buy 154193 262.15 267.65
17-Sep-2008 Austral Coke Ambit Securities Broking Pvt. Ltd. Buy 235606 256.98 267.65
17-Sep-2008 Austral Coke Prashant Jayantilal Patel Sell 176290 259.13 267.65
17-Sep-2008 Austral Coke Dinesh Munjal Sell 154193 261.57 267.65
17-Sep-2008 Austral Coke Ambit Securities Broking Pvt. Ltd. Sell 235606 256.98 267.65

The same brokers buy and sell almost same prices. Clearly an operator play. Retail investors, please be careful....

Too many MFs and FIIs have positions in Tata Steel. They want to keep money till the sentiment improves. This is the prime reason for fall now.

Global steel price is falling. But Tata Steel did not raised steel prices when the international steel price went high earlier. So fall in international price should not make much impact to company.

I could not find a fundamental reason for this kind of fall. But clearly sentiment is too bad these days. ...