Pick Hindustan Zinc from the metal space: Ajay Bodke

In a chat with ET Now, Ajay Bodke, Head-Investment Strategist & Advisory, Prabhudas Lilladher shares his view on metal space

ET Now: Sesa Sterlite was one stock in focus after the courts allowed the e-auction of iron ore mining, what is in store for this one considering the metals space as well has been showing some traction of late?

Ajay Bodke: Our preference remains with Hindustan Zinc, it is in the same group. Our analyst view is that even if the auction were to go through, the contribution of that sale to the total EBITDA of the company is not very significant.

In metals space if one has to take a medium term call, then it would be Hindustan Zinc. We are expecting a target price of around 150.