Short SAIL, says Ashish Tater

Short SAIL, says Ashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "SAIL is a short from my side for an intraday target of close to Rs 140.50. I have been bearish on SAIL for quite some time and I continue to hold my position and thus we have been recommending even to my clients because I feel with the FPO announcement, which will be around Rs 130-132 odd mark the stock can get battered down to those levels in no time. One can keep a stop loss of Rs 146 for the day.