Dec 10, 2008, 08.55 PM | Source: CNBC-TV18
Vibhav Kapoor of IL&FS Investmart is of the view that one should hold metal stocks for another 10-20% upside and then book profit.
Kapoor told CNBC-TV18, "All these commodity stocks are basically extremely oversold. I was saying that the market was oversold but the metals and commodity stocks were extremely oversold. They are having sort of a technical pullback and they have already gone up a fair deal – stocks like Tisco have already gone up to may be 25-30% from their lows now. There is a little more upside there in all the commodity stocks, so one should probably be holding on if you have long positions or if you have invested in the stocks for the time being and wait for another may be 10-20% upside and then either book profits or reduce positions."