Hold JSPL for long term: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "On Jindal Steel & Power (JSPL) my view is slightly longer term and from that perspective, the stock is clearly a hold for me. I think the numbers that we saw today were again quite heartening and overall that is the expectation for all metal plays that going forward this year in terms of numbers will be good."

"In any case I think in terms of whether it is Jindal Steel and Power or whether it is Tata Steel, we have seen that slowly broking houses, etc. are turning positive on metals as play and I think that is likely to sort of gain ground further once you see these kind of good numbers coming in. So, I think even from a valuation perspective, the stock looks fine, maybe there could be a bit of a hiccup because of this Coalgate charge sheet. However, that’s notwithstanding for me, the stock is a hold from a longer term perspective," she added.