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Jun 16, 2007, 11.31 AM IST
Ambreesh Baliga of Karvy Stock Broking feels that steel stocks will start coming down. One can sell Hindalco because upside seems limited.
Baliga told CNBC-TV18, “As far as steel stocks are concerned we feel it’s more or less peaked out. Because even the steel prices at least over the next couple of months we really don’t expect it to move up more from here. So I think steel stocks will start coming down. Hindalco has moved decently well, so even at these levels one can sell Hindalco because upside seems limited.”
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