Like SAIL, see upside of 30-35%: Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "There is definitely more legroom happening whether you take it in terms of short term trading or probably with a horizon of 3 or 6 months or more, I believe that the recent rally which you saw in the month of September and October start in many of the metal names, almost a two months consolidation in these stocks and the fact that these stocks are now bouncing back again is really a very good sign.""Look at the volumes in SAIL, it is almost 2-3 month high volume which you are seeing in the stock. The stock is almost at a point of a breakout. Similarly I have been bullish on JSW Steel since Rs 900-920 odd and I believe that in most of these metal names they have more room on the upside and even from current level whether you take Hindalco, SAIL, even Tata Steel or JSW Steel, I would not be surprised that you could probably see an upside of almost 30-35 percent in a matter of 3-4 months," he said.