Hindalco better placed in metal sector: Prashasta Seth, IIFL Wealth

In a chat with ET Now, Prashasta Seth, Senior Fund Manager, IIFL Wealth, shares his views on Hindalco.

ET Now: What do you make of the numbers from Hindalco?

Prashasta Seth: From the perspective of the numbers, Hindalco's numbers are fairly good and that is why the market is also rewarding the stock. Obviously, you also have couple of other positives for Hindalco. Malaysia and Indonesia have banned exports of bauxite and that should help companies like Hindalco, which has its own mine for bauxites. In the metal sector, it seems to be one of the better placed companies right now.