Rajesh Agarwal, Director - Research at Eastern Financiers Limited told CNBC-TV18, "There are a lot of upsides to be seen in Tata Steel and other steel stocks mainly – one name comes to my mind is that Jindal Steel & Power Ltd (JSPL). These two steel stocks are trading at quite attractive valuations because as we all know that there were lot of talks about economy slowdown and high interest cost these companies were having."
"Since Tata Steel management has been aggressively trying to reduce its debt, I think the margins are going to be better once the debt is controlled. So one can buy Tata Steel at these levels for a minimum 15-16 percent upside in the next one year time horizon," he added.
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