Anish Damania of IDFC Securities is of the view that one may prefer AIA Engineering.
"Given the fact that we are seeing an improved momentum in this space, we expect that industry to do a little bit better than what was expected. Therefore you are seeing this renewed enthusiasm coming back into their stock."
"The reflation in the metal industry is there to stay for some more time as some of the economies, larger economies move from monetary stimulus to fiscal stimulus spurring demand. So, to that extent I would say that AIA Engineering well managed company, good cash flows, good ROEs, good ROC and probably will have the prospects of good earnings, so should easily move into higher PE multiple consumption company kind of category," he added.