Sell Tata Steel, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I have given a target in Tata Steel upto Rs 212 but in the recent past the stock went down to Rs 200. So, if you see Rs 219-212 levels breached, you expect Rs 200 to be visited and you can still sell. Tata Steel is a sell and steel industry long back when such things were not there at least people were not discussing. I have heard that Muthuraman once said that even in the best of times steel industry doesn’t recover its cost of capital.""In this kind of a scenario even if Tata Steel opens say around Rs 213-214 you put a stop loss above Rs 219. Then you sell, you expect Rs 200, so it can still be sold," he said.