Moneycontrol
Last Updated : Jan 11, 2018 03:09 PM IST | Source: CNBC-TV18

Hold Bhushan Steel, says Vijay Chopra

According to Vijay Chopra of enochventures.com, one may hold Bhushan Steel.

CNBC TV18 @moneycontrolcom

Vijay Chopra of enochventures.com told CNBC-TV18, "Bhushan Steel has built a large capacities in Orissa and due to the excess debt on the books I think they had a sister company called Bhushan Steel and Power as well which was unlisted so both companies’ combined debt was over a lakh crore. But there was still a lot of asset base with this company. So, my sense is probably the stock can go up to Rs 90 odd also. It is a risky bet, but I think that it is worth the risk."

"We have seen the stock climbing to Rs 100 earlier as also, so Rs 90-95 would be the level which I see within a years’ time. So hold on to the stock, be a bit patient and probably you can get these levels easily and get some profit as well," he added.
First Published on Jan 11, 2018 03:03 pm
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