Bullish on Hindustan Zinc: Pankaj Pandey, ICICI Direct

Pankaj Pandey, Head of Research, ICICI Direct, in a chat with ET Now, gives his outlook on metals


What is the view on metals?

We are negative on the metal space. We feel that the demand is here to pick up. We have not seen substantial correction in raw material prices so the benefit will definitely not come into P&L. In addition to that the overall global macro still is not conducive for metal as a overall sector to perform which is why we have a negative view on the sector as a whole. However, we like several stocks like Hindustan Zinc though it might be impacted more because of the new mining bill, because of zinc and lead being in the highest category of royalty payments but we feel that for a commodity player if you have got cost under control that is where people should focus on.