Buy SAIL, says SP Tulsian

Buy SAIL with six to eighteen months view, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "The reason for choosing the Steel Authority of India (SAIL) is coupled with 50 bps cut in the CRR in China, in my opinion that will see positive built-up in all the metal stocks, whether you talk of the ferrous or non-ferrous. In the Indian space, I think all the stocks have run up except for the Steel Authority in non-ferrous, so I thought that this looks quite good at the current level."
He further added, "I have given a price target of Rs 150 in maybe six to eight months time and maybe about Rs 200 in eighteen months. If you see the business structuring, it