In the current market where it is becoming increasingly difficult for good stock especially short term stocks. Stock markets are extremely volatile and anything in short term looks red. As stock markets have consistently fallen down, there are many stocks which were either not good or average, but due to sharp price correction, they have become good.
One of such stock is SAIL. SAIL at the current level is a very good bet for the long term. Stock has been under pressure for long time and is currently trading at Rs 107.70 at NSE. It’s 52 week range is 101.05 to 234.35. SAIL was trading at Rs 205 on 20 sep 2010. So, in last one year, it has lost considerable fat and is lucrative at the current price tag.
Though, there are risk factors but when you look at the long term, downside from here is limited which can used to increase the quantity. So one can start buying SAIL to build portfolio for long term.
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