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Last Updated : Aug 17, 2017 05:59 PM IST | Source: CNBC-TV18

Tata Sponge Iron may touch Rs 950: Vijay Chopra

Vijay Chopra of feels that Tata Sponge Iron may touch Rs 950.

Vijay Chopra of told CNBC-TV18, "Tata Sponge can still go to Rs 1,000 because we have seen some good consolidation happening since last four to five months. The result has been overall good, there is a lot of restructuring happening within Tata Group and I am sure that Chandrasekaran is doing a great job and we are going to see a huge turnaround happening in entire Tata Group in the days to come."

"It is a stable company, there is no major problem which happened in the last few months, then even in the down turn, the recent correction, it did not correct much. So, probably it can consolidate even for some more time and then probably once it starts its journey upwards then we might see Rs 950-1,000 levels happening. However, it is going to take some time," he added.

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First Published on Aug 17, 2017 03:43 pm
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