Tata Steel has immediate target of Rs 315: Desai

Monal Desai, Sunidhi Securities is of the view that Tata Steel has immediate target of Rs 315.

Desai told CNBC-TV18, “I am recommending Tata Steel from the metal pack for an immediate target of Rs 315. Keep a stop loss at around Rs 296. There is about 1-1.5 percent in open interest this morning. Yesterday towards the end of the session we saw some upmove from around Rs 295 levels and the momentum continues. So I have a buy in Tata Steel.”