Avoid JSW Steel, Tata Steel, SAIL: SP Tulsian

SP Tulsian, sptulsian.com advises traders to avoid JSW Steel, Tata Steel and SAIL.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney
moneycontrol.com

Home » News » Stocks Views

Feb 18, 2013, 06.05 PM | Source: CNBC-TV18

Avoid JSW Steel, Tata Steel, SAIL: SP Tulsian

SP Tulsian, sptulsian.com advises traders to avoid JSW Steel, Tata Steel and SAIL.

Like this story, share it with millions of investors on M3

Avoid JSW Steel, Tata Steel, SAIL: SP Tulsian

SP Tulsian, sptulsian.com advises traders to avoid JSW Steel, Tata Steel and SAIL.

Post Your Comments

Share Cancel

SP Tulsian (more)

CEO, sptulsian.com | Capital Expertise: Equity - Fundamental ,IPO

SP Tulsian, sptulsian.com advises traders to avoid JSW Steel , Tata Steel and SAIL .

Tulsian told CNBC-TV18, “I am not firstly impressed by the Tata Steel numbers. If I place four shares in that category that is ferrous steel - SAIL, JSW Steel, Tata Steel all three are positive today and the fourth player that is Jindal Steel and Power is trading negative.”

He further added, “The sector, ferrous steel seems to have bottomed out definitely I will not advised buying Tata Steel at these level. This could be short covering because on the anticipation of the bad results, the kind of results the company has posted it was expected and because of that lot of shorts have seen build up. Same thing has happened in case of Steel Authority. There also similar pattern we are seeing now probably the stock is. So, upside we are seeing in Tata Steel by about 2 percent or so may not really last for very long time because of the negative perception continuous to remain on the sector so, definitely clear avoid for all the four stocks falling in this sector.”

Buy, Hold, Sell ? Hear it first on M3
Avoid JSW Steel, Tata Steel, SAIL: SP Tulsian

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login