Hold Tata Steel, says Sharmila Joshi

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Hold Tata Steel, says Sharmila Joshi

Hold Tata Steel, says Sharmila Joshi, Investment Advisor.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sharmila Joshi See what other Experts & Brokerages are saying about Tata Steel See messages about Tata Steel Tata Steel BSE | NSE 10/02/12 Are Mutual Funds betting on Tata Steel?

Hold Tata Steel , says Sharmila Joshi , Investment Advisor.

Joshi told CNBC-TV18, "Tata Steel has really done well in last month. You did see it go down below Rs 500 level and then recover from there. So let see the numbers today and then take a call from there because if you get the kind of numbers that market is expecting from Corus then things would definitely look better for Tata Steel because for a long time one has sensed that domestically things are okay, the demand is okay, the demand of steel internally remains good but it is because of Corus acquisition and what kind of visibility you get from there going ahead that would dictate the fortunes of Tata Steel going ahead. So all things considered, I do think that this is a stock that you should hold on to and perhaps a near-term target anywhere in the Rs 575-600 kind of range."

Disclosure: I have no personal holding in the above stock/sector but may have recommended them to clients.