Neeraj Deewan, Quantum Securities told CNBC-TV18, “I would not really buy metals right now because I need to get lot more clarity regarding the demand, raw material prices and raw material availability. So, it can be a trading bet once they fall like Tata Steel fell a lot.”
“If someone has a very long term perspective may be he can start buying the stocks like Tata Steel which is still very close to the 52-week low. However in 6 months to one year there are a lot of other sectors which can outperform. So, this will come quite low under the sector specific investment that we are recommending,” Deewan added.
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