Sell Tata Steel, says Shahina Mukadam

Shahina Mukadam of Fairwealth Securities advised selling Tata Steel and moving into another sector, which should do better.

Mukadam told CNBC-TV18, “Tata Steel, there are lots of issues with regards to global demand in Europe. Even if you see the numbers the company reported (nine months numbers, quarterly numbers) that is on a global basis volume decline, price decline and incrementally from here it is going to be at least another six months before we see a recovery. So, it would be better to cut his positions and move into another sector which probably should do better.”