Vijay Chopra of enochventures.com told CNBC-TV18, "One should exit Bhushan Steel completely because the company has been into corporate debt restructuring (CDR) and there were a lot of issues related to debt. They had huge plant which they had developed in Orissa, which did not even start and a lot of the capital is gone into the project and the company was not able to cope up with the kind of debt which it had taken and I am sure that when you are not able to produce revenues and service your debt, the problem is huge and there is a downward spiral the company gets into.""I would recommend a complete exit on the stock. If at all one wants to be in any of the metal counters, I think that Tata Metaliks is one of the stocks, which I would like to recommend which is trading at about Rs 112. I would give a target of about Rs 150 on the stock," he added.
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