Prefer Hindalco over Tata Steel: Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, "There is a lot in terms of journey that Tata Steel has made up for. On fall back of all the news especially with their overseas operation there were concerns, but some kind of resolution is definitely on the card."

"I would recommend Hindalco Industries wherein we are quite optimistic about the entire consumption of aluminium and copper picking up and in terms of commodity prices also we are seeing some kind of stability and the product prices, aluminium and copper are likely to go upwards wherein you will see better earnings for Hindalco. So, I would say switch to Hindalco," he added.