JSW has moved up in terms of high expectations: Prakash Diwan

In a chat with ET Now Prakash Diwan of Prakash Diwan's Wealth Circle shares his view on JSW Steel.

ET Now: What is your call on JSW Steel?

Prakash Diwan: Again I do not think this is a company that has moved out of the woods very clearly till we have clarity on the mining issues, much larger issues related to mining, coal which the government has not yet put the spotlight on, till that happens all these companies which are likely to get impacted are touch me not and you could probably see a lot of value erosion if that does not happen in the next couple of months and exuberance fades off, JSW has actually moved up in terms of high expectations again, there was so much of positive talk, constructed talk about it doing well but it is definitely be in for a severe hammering.