Hold Tata Steel, says Gaurav Bissa

Gaurav Bissa of LKP Securities recommends holding Tata Steel.

Gaurav Bissa of LKP Securities told CNBC-TV18, "The metal pack as a whole is not looking interesting at this point of time. Nifty being around 8600, the entire pack is still struggling to even come up with small amount of upside. Having said that, there might be some amount of spruce that cannot be ruled out in individual stocks, we saw what happened with Hindalco Industries , it has managed to clock some amount of gains."

" Tata Steel looks decently placed as far as the comparisons with Sesa Sterlite  or Jindal Steel & Power . So the stock is having a strong support zone at around Rs 440 odd level. I suggest that it would be advisable to hold on the stock with a stoploss of Rs 440. If that is breached then it would be advisable to exit this stock as going forward it might see another round of panic below Rs 440," he said.

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