Hold Hindalco: Phani Shekhar

ET Now spoke to Phani Shekhar, Fund Manager - PMS, Angel Broking, on his view on Hindalco.

One quick word from you really on Hindalco because we have seen the metals space behave a bit iffy but Hindalco has not had a bad run, currently at Rs 190 odd, what would you do with Hindalco and Nalco, the non-steel stocks?

We are more bullish on Hindalco and we will continue to hold it. You can still buy it but the upsides now will be around 20-25% from these levels and that will again depend a lot on news flows, so Hindalco we will continue to hold, so will be Sterlite and Tata Steel, that entire ferrous as well as the nonferrous pack we are quite bullish on.