Sesa Goa, SAIL, Tata Steel look good: Malkan

Sesa Goa, SAIL, Tata Steel and Financial Technologies are looking good, says Vishal B Malkan, malkansview.com.

Malkan told CNBC-TV18, “I would go for high-beta stocks like Financial Technologies. I would go for metal sector which has been beaten down and showing some signs of consolidation in last couple of weeks. So I could go for Sesa Goa, Steel Authority of India (SAIL), Tata Steel and also one stock which was particularly good is McDowells.” Sesa Goa touched its 52-week high Rs 207.90 and 52-week low Rs 140.55 on 04 July, 2012 and 16 April, 2013, respectively. Currently, it is trading 25.49 percent below its 52-week high and 10.21 percent above its 52-week low. Market capitalisation stands at Rs 13,462.38 crore.