SAIL a good investment bet: Roy

Gautam Sinha Roy of Motilal Oswal is of the view that SAIL is a good investment bet.

Roy told CNBC-TV18, “SAIL (OFS), price has been given at a good discount, so one can look at it, but given that market in the near-term are weak and the outlook for metals sector itself continues to be weak if you are expecting a near-term performance that could be dicey. However, from a longer term investment perspective it looks like a good idea.”
On March 22, Steel Authority of India (SAIL) closed at Rs 63.40, down Rs 0.50, or 0.78%. It has touched a 52-week low of Rs 63.10.