Stay invested in Tata Steel, says Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "I think both from a long term as well as a short term point of view I would suggest that one should hold on to Tata Steel. Looking at the kind of initiatives taken by Tesco to actually handle their pension lability and the kind of firmness in metal prices, I think over the next 6-12 months one can hold on."

At 15:15 hrs Tata Steel was quoting at Rs 653.00, down Rs 33.85, or 4.93 percent.

The share touched its 52-week high Rs 696.55 and 52-week low Rs 363.90 on 21 September, 2017 and 30 September, 2016, respectively.