Stock analyst Ashwani Gujral is of the view that Tata Steel stock will provide hefty gains in the short run.

So, the investors are suggested not to sell Tata Steel stock before achieving a short term target of Rs 923.

Those who wish to make profit from this stock can purchase it around on declines with a stop loss of Rs 830.

Mr. Gujral also told that investors should not hold this stock for medium or long term as it is very risky to keep it for future. Buy it, make decent profit and sell it. This is the real mantra for this stock. Don’t buy it on upper levels.

On Nov. 30, Tata Steel and Riversdale Mining has sighed up a contract to set up a special purpose joint venture (JV) vehicle to build up a hard coking and thermal coal project at key coal exploration tenements held by Riversdale in Mozambique.

According to the terms of the agreement, Tata Steel will pay AUD 100 million to get hold of a 35% project interest. For this consideration, Tata Steel secures a key position in the JV formed to develop the Mozambique Coal Project, as well as a 40% share of the off-take for coking coal.