Moneycontrol
Jan 12, 2017 05:06 PM IST | Source: CNBC-TV18

See upside in metal stocks, says Neeraj Deewan

Neeraj Deewan of Quantum Securities is of the view that one may see upside in metal stocks.

Neeraj Deewan of Quantum Securities told CNBC-TV18, "Metals space even from these levels should continue doing well because when you speak to people on the ground level, there is actually improvement which is happening in the demand for most of these companies. So, there is demand which is coming into numbers also. So, even after the run up that we have seen I think JSW Steel still looks good. Tata Steel still looks good for some more up move."

"Among the smaller ones we have a coverage on Jindal Stainless, the two companies which are listed there Jindal Stainless and Jindal Stainless Hisar, I think they should continue doing well. I think the numbers even incrementally should be better. So, there is still upside left in most of the metal stocks even after the run up that we have seen," he added.

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