Metal stocks continue to face pressure: Karun Mutha, HSBC InvestDirect

Karun Mutha, Head Advisory, HSBC InvestDirect in an interview with ET Now talks about metal stocks.

What about metals? Are they going to continue to be under pressure, what is the data that you are picking out?

More or less the metals continue to be facing pressure and what we have seen even on the yesterday’s rally they did not really performed that well. Tata Steel stock is really languishing at those levels. We believe that the pace is going to continue in some of the front line banking stocks, select auto stocks and pharma.