See strong upside in Hindustan Zinc on govt measures: Ajay Bodke

In a chat with ET Now, Ajay Bodke, Head-Investment Strategist & Advisory, PrabhudasLilladher, shares his trading ideas in metal sector.

What stocks do you like from the metal space and is there anything that you are recommending to your investors right now?

Hindustan Zinc is what we are recommending investors in the metal sector. Our analyst is positive on the fundamentals similarly there is a strong belief that the government has in the budget earmarked Rs 14,000 crore of money to be raised through sale of Sutti holdings as well as Hindustan Zinc and Balco.

The belief is that the government will enter into negotiations with the Vedanta Group and ask for a premium for the residual stakes that it holds in Hindustan Zinc.

So we see a strong upside in Hindustan Zinc both on the stake sale by the government to Vedanta Group as well as based on the fundamentals so that is one stock we are recommending investors to look at in the metal space.