Remain invested in SAIL, says Ashish Kyal

Ashish Kyal of wavesstrategy.com told CNBC-TV18, "SAIL has been constantly moving lower from the highs of around Rs 120 over past one year. It is not only one year of fall it has been since 2008 we have not seen any kind of strong up move or trending move in any of the commodity stocks. However, lately we have started seeing some kind of a pull back if you look at Tata Steel or Hindalco; we have started seeing some kind of a pull back. So, there is a possibility we might start seeing some traction even on SAIL.""I would suggest hold on with a stoploss of near around Rs 43 and once it goes towards somewhere in the range of Rs 60-65 then one should plan to exit and put in somewhere outperforming stocks," he added.