Remain cautious on metal stocks: A Shah
Published on Friday, June 12th, 2009 at 6:39 PMAuthor: admin (5507 Articles)
Apurva Shah of Prabhudas Lilladher is of the view that one should remain cautious on metal stocks.
“Some of this news could be influencing the metal stocks in the near term, but on the whole I remain wary of many of these commodity stocks including steel stocks, the demand environment has obviously improved somewhat and I don’t think it is good enough to take these stocks to the levels that we have seen, so on the whole I would continue to remain wary on any of these metal stocks.”
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the stocks/sectors discussed.
Source : MoneyControl
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