May 07, 2013 06:32 PM IST | Source: CNBC-TV18

Go long in Tata Steel, Hindalco, says Nitin Jain

Nitin Jain of Edelweiss Securities is of the view that one can take long positions in Tata Steel and Hindalco Industries.

Nitin Jain of Edelweiss Securities is of the view that one can take long positions in Tata Steel and Hindalco Industries.

Jain told CNBC-TV18, “Metals have been beaten down quite a lot for the last year or so and they just seem to be having bottomed out. So from a short-term point of view you can take long positions in stocks like Tata Steel and Hindalco Industries.”

“You might just get 15-20 percent upside over the next two-three months, but these are not stocks that we are betting on from a long-term point of view. These are only trading calls,” Jain added.

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