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Dec 28, 2017 04:03 PM IST | Source: CNBC-TV18

Pick Hindalco, Vedanta: Mayuresh Joshi

Mayuresh Joshi of Angel Broking is of the view that one may pick Hindalco Industries and Vedanta.

CNBC TV18 @moneycontrolcom

Mayuresh Joshi of Angel Broking told CNBC-TV18, "In metal stocks the good run will very well continue because of the demand supply mismatch that we are still witnessing, can very well have an impact in terms of realisations and as inventory pull downs are very evident as seen from the LME data, stocks like Hindalco, stocks like Vedanta, in my opinion can still have a good time over the next 2-3 quarters."

Hindalco Industries ended at Rs 275.35, up Rs 9.55, or 3.59 percent.

It has touched a 52-week high of Rs 278.75.

The company's trailing 12-month (TTM) EPS was at Rs 6.71 per share. (Sep, 2017). The stock's price-to-earnings (P/E) ratio was 41.04. The latest book value of the company is Rs 210.85 per share.
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