Hold SAIL, advises Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "The steel sector has started showing revival almost an year ago and we have seen most of the steel companies or metal counters they have either doubled or they have moved quite considerably on the upside and on the flip side SAIL hasn't moved at all.""So, I would say that there are lot of inefficiencies which are there in this company although it is a behemoth, it is a large company but again I would say that there are inefficiencies which the Government of India needs to tackle with. But still I would say that if you can hold on to the stock for some more time and get out of it around Rs 60 if he wants to be in metal counter then companies like Hindustan Zinc or companies like Hindalco or Sterlite Industries, these are better companies to be with. So, he can hold on for some more time, get out around Rs 60 and then get into some other better counters.""I would say that there are inefficiencies which the Government of India needs to tackle with. But still I would say that if you can hold on to the stock for some more time and get out of it around Rs 60, then companies like Hindustan Zinc or companies like Hindalco Industries or Sterlite Industries are better companies to be with. So, one can hold on for some more time, get out around Rs 60 and then get into some other better counters," he said.