Buy Sesa Sterlite at around Rs 250-260: Thununguntla

Jagannadham Thununguntla of SMC Global Securities is of the view that one may add Sesa Sterlite at around Rs 250-260 in the portfolio .

Jagannadham Thununguntla of SMC Global Securities told CNBC-TV18, "The government, if it has to revive the economy, have to give handholding and uplifting for mining sector for sure. I feel that at some stage the mining sector will see the boost. If somebody is betting on for three to four years, that means somebody is betting on this government's tenure. Besides power, mining is one more sector where the investors can use every dip to buy."

" Sesa Sterlite is a classic bet. If it comes to Rs 250-260 levels it may be an excellent level to add to the portfolios," he added.

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