Be cautious on ferrous stocks: UR Bhat, Dalton Capital Advisors

UR Bhat, MD, Dalton Capital Advisors (Fundamental Check), in an interview with ET Now, talks about ferrous stocks.

Are you a buyer in ferrous stocks or you want to avoid ferrous stocks currently?

In the whole metal space, one needs to be cautious largely because of the fact that if there is going to be a global slowdown it will certainly feed into and especially you have Chinese monetary tightening happening, which will impact aggregate demand. Therefore, one needs to be a bit circumspect, pricing may not be in their favour for sometime now. You would probably have better times to go long on these.

One investment idea from you for the next one or two years?

Probably worth buying is a slightly long-dated call option on the market.

Long-dated call option, that product is not available only?

No, it is available.

A stock idea?

Stock idea, really the private sector banking space is the one you should probably look at.