Wait and watch for JSW Steel: Sandeep Singhal, Emkay Global Financial Services

Sandeep Singhal, Co-Head Institutional Equities, Emkay Global Financial Services, in a chat with ET Now, gives his stocks call


One top recommendation from the house of Emkay for somebody who is listening to you right now?

Today JSW Steel comes out with result and they have been facing headwinds because of not getting iron ore. Today Supreme Court's decision about Goa mining is also expected. JSW Steel has been operating their plant last quarter at about 50% capacity. The stock has been discounting lot of positive and is hovering about Rs 680 kind of a level. That could be a trading short for about 10% plus odd gains actually.