Not bullish on metal space: Ambareesh Baliga

ET Now spoke to Ambareesh Baliga, VP, Karvy Stock Broking Ltd. for a fundamental check on the metals space.

You like anything in commodity space and Hindalco or Nalco or may be even in the metal side the likes of a Bhushan Steel if you are not looking at the biggies like a Sail or a Tata Steel?

In fact like in that space we do not like anything as such because overall we feel that the prices will come down. Going ahead the metal prices will come down going in the next possibly 4-5 months. So at this point of time most of them are decent sells.

Tata Steel we still feel we should see levels of around Rs 425 which I think is nearly Rs120 from where it is right now.