Positive on Visa, Uttam Galva and Adhunik: Networth Stock Broking

ET Now spoke to Prakash Diwan, Head - Institutional Business, Networth Stock Broking, on his stock recommendations.

ET Now: Would you buy into any of the base metal stocks or the steel stocks in particular, considering what is happening with China and the fact that they have raised prices as well?

Prakash Diwan: If I were to look at buying metals it would not be in some of the larger base metal players. It would probably be some of the value added speciality steel manufacturers who could do well.

We have got Visa, Uttam Galva, Adhunik because these are the players who would typically benefit every time on a secondary level after the primary ones have run up. That's where you have seen some price action positively and there is still some headroom for some of these well run companies which have not actually caught up with metal momentum. So I would definitely buy into some of these midcap stories at this point.