Geojit BNP Paribas puts buy on Century Textiles, BRSL & Tata Steel
ET Now talks to Gaurang Shah, Chief Manager, Geojit BNP Paribas Financial Services on textile and metal stocks
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| ET Now talks to Gaurang Shah, Chief Manager, Geojit BNP Paribas Financial Services on textile and metal stocks
How do you see textiles and metals panning out, yesterday we saw a number of midcap smaller textile companies starting to move up, do you think it is a move building up there or we are just flash in the pan?
I feel that it could be just a flash in the pan. The two stocks that I would be looking from a long side is Century Textiles and BRSL. These are the two stocks which see a good amount of buying coming in case there is slight amount of dip coming in.
So you need to be very stock specific. Of course you have seen a little bit of action coming in Bombay Dyeing but that upside could be capped with the kind of gains that you have seen in the last two or three trading sessions.
I am quite optimistic about Tata Steel going forward and there was a scepticism about dollar getting strong and commodities getting weak and visa versa but if you put really all those things aside purely from the domestic consumption point, we feel that in the entire metals pack, steel and copper are the two which will possibly give good amount of hot performance and the two stocks we like are Tata Steel and Sterlite Industries.
These are the two which gives you good amount of momentum and of course JSW Steel has been witnessing a good action. So I will concentrate on stock specific stories. You might have the markets again going in for an absolute sideways kind of a scenario but stock specific stories in midcap of course there are likes of Jubilant FoodWorks, the recent listing, Tata Chemical was hovering at around about 280-285 has gone up to around about 310 and as a disclosure, all these four stocks that I just spoke about, we have recommended our clients to buy.
How do you see textiles and metals panning out, yesterday we saw a number of midcap smaller textile companies starting to move up, do you think it is a move building up there or we are just flash in the pan?
I feel that it could be just a flash in the pan. The two stocks that I would be looking from a long side is Century Textiles and BRSL. These are the two stocks which see a good amount of buying coming in case there is slight amount of dip coming in.
So you need to be very stock specific. Of course you have seen a little bit of action coming in Bombay Dyeing but that upside could be capped with the kind of gains that you have seen in the last two or three trading sessions.
I am quite optimistic about Tata Steel going forward and there was a scepticism about dollar getting strong and commodities getting weak and visa versa but if you put really all those things aside purely from the domestic consumption point, we feel that in the entire metals pack, steel and copper are the two which will possibly give good amount of hot performance and the two stocks we like are Tata Steel and Sterlite Industries.
These are the two which gives you good amount of momentum and of course JSW Steel has been witnessing a good action. So I will concentrate on stock specific stories. You might have the markets again going in for an absolute sideways kind of a scenario but stock specific stories in midcap of course there are likes of Jubilant FoodWorks, the recent listing, Tata Chemical was hovering at around about 280-285 has gone up to around about 310 and as a disclosure, all these four stocks that I just spoke about, we have recommended our clients to buy.
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