Hold onto SAIL: Lancelot D'cunha

ET Now caught up with Lancelot D'cunha, CEO, Sharyans Wealth Management, and seeks views on SAIL. Excerpts:

What is the view on SAIL?

I would actually go slow on SAIL because one is looking forward, the steel prices are expected to remain soft, domestic demand for steel should be relatively flat going from here, I do not see huge growth. Also, international prices of coal have been going up and given that, margins are likely to be squeezed. I would say that this is good hold and not to buy SAIL, just hold onto the stock.