Sanjay Sinha of Citrus Advisors told CNBC-TV18, "The advice on metal as a sector would be to be cautious. Tata Steel has been a little different from rest of the metal pack because the optimism came from two things, the revival of growth in the western hemisphere and Tata Steel derives a fairly large part of its revenue from the Corus portfolio. That is why it has probably remained a little untouched from what has happened to most of the metal stocks."
"At the same time the stocks including Tata Steel would be beneficiary of the rupee depreciation. There could be some range bound movement, but we will not see a very substantial move in metals pack as a whole and in Tata Steel in particular," he said. Also Read: Tata Steel Odisha unit's 1st phase to start ops in Q4 2014Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
