Exit SAIL, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Technically Steel Authority of India (SAIL) is likely to show a bounce, Rs 58 to Rs 62 is likely possibility and there you should seek an exit and this particular industry is a very difficult industry for the long-term investment because Muthuraman said in heydays of Tata Steel that it is one industry that doesn’t recover its cost of capital."At 15:22 hrs Steel Authority of India was quoting at Rs 53.40, up Rs 1.45, or 2.79 percent on the BSE.