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Sell metal stocks on rise: Bhamre

Published on Tue, Feb 09, 2010 at 10:27 |  Source : CNBC-TV18

Updated at Tue, Feb 09, 2010 at 13:38  

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Siddharth Bhamre, Angel Broking

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Sell metal stocks on rise, says Siddharth Bhamre , Angel Broking.

Bhamre told CNBC-TV18, "In metal space probably there might be a bounce because in LME you have seen some upward tick but all metal space especially non-ferrous one have very strong correlation to what happens in LME. So, that is the reason you are seeing some bounce in Hindalco and other stocks."

He further added, "I would prefer to sell on rise these stocks rather than buying this space. Again the entire commodity view from the dollar angle is taken into consideration for this opinion."

  

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