ICICI Securities cautious on steel space

Mr TS Harihar senior VP of ICICI Securities is little cautious on steel space because the demand in price story seems to have possibly played out.

Mr Harihar told CNBC TV18 that "We have a mix view on the metal space. As far as steel stocks are concern principally TATA Steel and SAIL, we are little cautious because we believe that the demand in price story seems to have possibly played out.

He added that “What we are little more positive on is the aluminium-copper space, which would be stocks like Sterlite, Hindalco and NALCO so these are the three stocks we would be looking at trading positively during the September series."

(Sourced from CNBC TV18)

Posted in: industrial news