Hold Tata Steel, may test Rs 400: Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "I think post the news which was there in hiving off their regular business and it is still going on. Tata Steel is going to strengthen its balance sheet further in the days to come. So, definitely it is not a couple of months gain, it is much longer. We have seen that the entire metal pack has undergone a brutal massacre if I can use that word, in the last 1-1.5 years. And the metal coming out and the demand is just looking good and prices are reviving. So, if somebopdy holds with 1.5-2 years perspective, there is money to be made in this counter.""We can see Rs 400 odd levels. So, definitely, a bit longer wait is required. In the short-term there might be blips, market is undergoing a correction. In the short-term, you can see these levels. The stock might go further down from here. But in the longer-term I am fairly bullish on Tata Steel," he said.