Tata Steel to be a beneficiary of Ukraine standoff: Citi

Tata Steel shares saw profit taking on Thursday after rising as much as 4.6 per cent yesterday. Tata Steel shares gained on Wednesday on hopes that the geopolitical standoff between Russia and Ukraine would benefit the Indian steel maker. Global investment bank Citi says current diplomatic sanctions imposed on Russia could lead to economic sanctions, which will directly impact trade relations between the European Union and Russi...