Buy Tata Steel for long term, says UR Bhat

UR Bhat, MD of Dalton Capital Advisors told CNBC-TV18, "Tata Steel is the stock that one should buy if someone has a view of 3-4 years. It will come out of all these problems in due course. There is lot of money to be made who have a 3-4 years horizon."

"People who have one week horizon might lose out, but I think for someone who has a 3-4 years horizon these are sort of stocks one should be really looking at," he said. The share touched its 52-week high Rs 448.10 and 52-week low Rs 195.40 on 07 January, 2013 and 07 August, 2013, respectively. Currently, it is trading 43.12 percent below its 52-week high and 30.45 percent above its 52-week low. Market capitalisation stands at Rs 24,756.28 crore. Also Read: Tata Steel rail contract to link S Arabia's two holy cities