Tata Steel will give good returns but it may take time: Nitin Raheja

In a chat with ET NOW, Nitin Raheja, Chief Investment Officer, AQF Advisors, says Tata Steel is a good contra buy as it will yield profits but it will take time.

ET Now: Is Tata Steel a good contra buy, it is trading below its book and 9 out of 10 times every time Tata Steel has gone below its book and those who bought into Tata Steel when it has gone below the book, they have made money?

Nitin Raheja: We need to keep any investor who wants to invest in that needs to keep a time horizon in mind when you say in contra buy it is very nature. So clearly if you are buying a large company of that size below book you clearly stand to lose very less.

The question really is, how much will you make and over what period of time and that is where you really need to take a call, so if you are investing it below book clearly you will make money but it might take time.