Prefer Tata Steel, L&T: Vineet Bhatnagar

Vineet Bhatnagar, Managing Director at Phillipcapital told CNBC-TV18, "We like Tata Steel. As far as other stocks are concerned in the metal space, Sesa Sterlite is one that one should look at but if one were to just pick up one stock in the metal space it will be Tata Steel."

"While Bharat Heavy Electricals (BHEL) has corrected very smartly and it is half of where it was as far as its all time high is concerned. There is an upside potential in BHEL but if you were to look at again on a relative basis we would put our money on Larsen and Toubro," he said.