Look at Ratnamani Metals: Kunj Bansal

Kunj Bansal of Centrum Wealth Management told CNBC-TV18, "We have to look for stocks which have not moved up and as a result hopefully and likely to give results. Ratnamani Metals and Tubes is not exactly into metals because metals as we know is having bad times sentimentally as well as fundamentally. The company's main business is pipes and tubes and which is where it has been doing very well. Again there has been a little bit issue of the growth in the last one quarter because of the orders not having come in. This company's capital structuring and fundamental numbers, margins and return ratios are significantly better than any of the peers."

"Ratnamani Metals and Tubes is a zero debt company, net cash company, operates at a margin of 15 percent and return on equity. It has corrected from a high of almost Rs 800 to currently Rs 550-560 at which it is available at a forward PE of 11 times. That is the reason it makes interesting for investors to look at. From a medium to long-term view, of course given the way the numbers are being reported by the peers, it might give a return in short-term as well," he said.