Avoid JSPL: Gajendra Nagpal

Gajendra Nagpal, CEO, Unicon Investment Solutions in a chat with ET Now shares his views on JSPL.

ET Now: What is your call on Jindal Steel & Power? 7.5% off today.

Gajendra Nagpal: There is a lot of talk about some private companies and public sector companies taking undue advantage of the government resources. In a bad market like this, if a negative news come in a particular stock, it dampens the sentiment around the stock even further.

So I would still want to keep away from all these companies. Of late, there is some kind of disinterest developing around any company or industry which has too many connections with the government or are dependent on government resources and policies to drive their revenues.

So, as the time would progress, we will realise that it is better that companies are able to decide their own destinies rather than depending on government.