Prefer Vedanta at lower levels, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "You have seen large part of the run up in the entire metal or metal related entities and we believe that purely from an investment point of view, if you want to have a long-term investment, if you want to have your investments only in metals then we would prefer Vedanta that too at not current levels, at possibly some kind of lower levels and that would be an appropriate long-term investment.""On NMDC, I agree that the run up is already there and even if the numbers are quite beating the estimates of the street, I think the rally is already there in the price," he added.