SAIL can touch Rs 120: Sharmila Joshi

SAIL can touch Rs 120, says Sharmila Joshi, Head of Equities, Fairwealth Securities.

Joshi told CNBC-TV18, "Among the steel companies the biggest positive for SAIL is the fact that overall the raw materials whether it is iron ore, everything since they have most of it coming internally they have a pretty good control over the way raw material prices will move from them. Given the kind of expansion that they are already involved in and the capex and the JVs etc that gives you a very good outlook on SAIL going ahead.