Metal stocks likely to outperform: Mutha

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Exit metal stocks on rally: Thacker Metal, banks to see selling pressure: Astromoneyguru BSE | NSE 10/02/12

Metal stocks likely to outperform, says Karun Mutha , HSBC Invest Direct Sec.

Mutha told CNBC-TV18, "If we see commodities as whole, crude and metals have improved. So oil and gas and metals would be the preferred sector particularly stocks like Cairn India , Oil & Natural Gas Corporation (ONGC) where we have seen, though the open interest has been on the long side, a marginal negative on the price move. So these are the frontline stocks which, if the market is positive, would likely to be outperformed."

He further added., "On the metals front, Hindalco , Nalco and Tata Steel including Steel Authority of India (SAIL) - which has also gone for a price hike - are likely to outperform the market."

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