Be specific in steel stocks: Ashish Maheshwari

Ashish Maheshwari, Director, Globe Capital Market Ltd., speaks to ET Now about the outlook of midcap steel stocks.

What do you do with some of the midcap steel stocks because they have been very abuzz in the past few sessions, really small cap ones are also being abuzz, would you like anything here?

In the steel sector, I like 2 companies. One will be Jai Balaji Industries where there is a buzz that company may announce some acquisition soon and other will be Uttam Steel where whatever the expansion they have done, this will be reflected in coming quarter's performance and if you ask me steel sector per se, still in my view the worst is not yet over because still China is cooling down their economy and the kind of data of US home sales etc. coming. So still things are not that rosy for steel sector per se and we need to be really very stock specific in this sector still.