Shahina Mukadam, Independent Market Expert told CNBC-TV18, "My recommendation is sell Steel Authority of India (SAIL) on a bounce. The bounce will take it up to Rs 55. The debt has now gone up to Rs 35,000 crore based on what we heard in the Rajya Sabha. So to that extent, there is going to be an issue and even there will be an issue regarding the sale of the three units because of which the stock has rallied because there is going to be a lot of issues regarding labour and other opposition parties opposing it.""MIP has supported the bottomline but I would book whatever profit I can as a short-term trader on a bounce," she added.
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