Hold SAIL for long term, says Jagannadham Thununguntla

Jagannadham Thununguntla, Head of Research at SMC Global Securities told CNBC-TV18, "It is difficult to take three months view on public sector undertaking (PSU) because we are talking about clear revival of PSUs under the new government. One should have three-four years view and then only it make sense to make a fundamental call."

"If there is a three years view then it makes sense to hold on SAIL maybe one can think about adding in offer for sale as a retail investor, if he/she gets a discount then one can add more. However, from three-four months point of view because of OFS there maybe overhang; don’t think big opportunity left in terms of three months point of view," he added.