Exit SAIL, prefer Hindalco: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "SAIL is unlikely to cross the level of Rs 58 anytime soon and broadly I would exit from the stock. Hindalco Industries or Tata Steel or say for that matter Vedanta or any consumer story, even if they were to be recession and things like that you will see that consumer stories will continue to do well." "Stocks like Pidilite Industries is actually a blue chip company and pretty good so anything that he chooses, we are not going to suggest any kind of a midcap story but one thing keep it in mind if you are investing in steel also look at the scenario in housing especially reality because unless the housing sector performs 40 percent of steel consumption in India is from the housing side," he said. "Unless that sector performs whatever measures are taken demand will not be compensating and performance of steel companies would not be that great. From that perspective Hindalco or Vedanta probably would have been a better stock. My choice would be Hindalco if at all any metal stock is to be taken."