Look at JSPL with 3-4 years view: Dipan Mehta

Dipan Mehta - Member at BSE & NSE told CNBC-TV18, "It is more of a contrarian play in JSPL at this point of time considering all the controversy surrounding the company and the state of the steel market. However, there is no denying the fact that it is an asset rich company. Debt also is pretty much under control and the stock is trading way below its book value or breakup value. The management I am sure is looking at ways and means to get them surge about the situation that there are in."

"It is good for contrarian investor who has a view of 3-4 years or so and can ride out this present softness in the steel business. Eventually I think all the controversy surrounding the company will get resolved and what will be left is great assets which can produce low cost steel and other products for which there is always a market in India," he said.