Tata Steel, Hindalco, SAIL look good in metals: Kulkarni

Shardul Kulkarni of Angel Broking is of the view that, Tata Steel, Hindalco Industries and Steel Authority of India (SAIL) are looking good in metal space, which will benefit investors over the next 12 months.

Kulkarni told CNBC-TV18, "In the large caps I would pick Bank of Baroda (BOB) because, in the stock we have seen a very strong downward sloping channel did exist and that particular downward sloping channel is given a breakout. So, from a 12-18 month perspective if we look at it specifically only looking at technical's then Bank of Baroda is a good strong chart and that would give upside over the next 12-18 months." He further added, "We were very bullish on the metal space over the past 1-1.5 month and we continue to hold our positive stance on the metal stocks. So, Tata Steel, Hindalco as well as Steel Authority of India (SAIL) would be the three stocks which I feel will benefit investors over the next 12 months."