Have a buy on SAIL: Dhiraj Agarwal, Standard Chartered Capital Markets

Dhiraj Agarwal, Director, Institutional Equities, Standard Chartered Capital Markets, in a chat with ET Now talks about steel and metal stocks.

Oil has gone up, are you telling your clients to buy any stock which would gain and which would benefit if crude goes up?

As a house, we are quite positive on resources which include oil and metals. So we are recommending buys on resources stocks across Asia including India. Unfortunately there are no very direct oil plays in India barring Cairn to some extent. But we are quite positive on let say steel names, base metal names. So we have buys on Tisco, SAIL and Sterlite.