Rahul Mohindar of viratechindia.com is of the view that Steel Authority of India, SAIL can touch Rs 305-310. From a shorter to medium-term outlook, it is definitely a hold; but the analyst feels that one should not buy at current level as it has seen fairly good upside today.
Mohindar told CNBC-TV18, "SAIL could move up to about Rs 305-310. So from a shorter to medium-term outlook it’s a definitely hold. Obviously, I won’t go and buy at the level today because we have seen fairly good upside, which has already come in but it’s a hold for a short-term trader but not a buy at these levels for an investor."
Disclosure: It is safe to assume that analyst & his clients may have an interest in the stocks/sectors discussed
Source: Moneycontrol.com
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