Mining ban still a worry for metal space: Tulsian

SP Tulsian of tulsian.com says that the upmove that the metal sector has seen at the markets over the week is not really a sign of revival. Speaking to CNBC-TV18, he says that pains are not yet over for the industry.

"Concerns about the mining ban affecting performance are still prominent, adding to the fact that the second quarter is traditionally a down period for metal companies," he says.

The BSE metal index moved up 8.5% over the past week's trading sessions. "This could possibly be because of the short-covering seen in the sector, and not because conerns regarding mining ban has been allayed," Tulsian reasons.

Below is the edited transcript of the interview. Also watch the accompanying video

Q: What did you make of the way the market moved Sesa Goa on Tuesday? What would you put that 10% rally down to, are the concerns on mining ban done, or is the stock seeing some value buying now?

A: I don