SAIL may touch Rs 75, says Jai Bala

Jai Bala of cashthechaos.com told CNBC-TV18, "In PSU I like BEML, Shipping Corporation of India and even something like Steel Authority of India (SAIL). I am looking at BEML to hit about Rs 250 from its current level of Rs 215 and one can place a stop loss of about Rs 195.”

He further added,” In Shipping Corporation of India (SCI) one can place a stop loss of Rs 31-32 and look for the stock to cross Rs 50. For Steel Authority of India (SAIL) I am looking for a level of about Rs 75 because I am very bullish on the metal space and place a stop loss around Rs 54."