Moneycontrol
Last Updated : Jan 31, 2018 03:16 PM IST | Source: CNBC-TV18

Stay invested in JSW Steel, may test RS 400: Vijay Chopra

According to Vijay Chopra of enochventures.com, one may stay invested in JSW Steel.

CNBC TV18 @moneycontrolcom

Vijay Chopra of enochventures.com told CNBC-TV18, "JSW Steel has shown a complete turnaround in the last one - one and a half years and look at the entire Jindal Group stocks, look at JSW, Jindal Steel and Power, Jindal Steel (Hisar) the entire group has done well. My sense is that they should post good results and the stock should respond positively."

"One can stay invested in the stock and don’t get panic by Rs 10-20 here or there. So, just stay invested and I think the stock has potential of reaching to Rs 350 even Rs 400 if somebody hold with a longer term perspective."

"In the short term there might be some pain; there is anxiety in the market, the global markets are playing the spoilsport and so we might see some kind of a crack maybe Rs 10-15 or Rs 20. But with the longer term perspective I am fairly hopeful that JSW Steel should reach Rs 350 and then the next target is Rs 400," he said.
First Published on Jan 31, 2018 03:12 pm
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