Stay clear of Nalco: Paras Adenwala

There is a problem on the metals side and we are talking about reducing metal aluminium prices. The only reason why Nalco moved up was because of their bonus issue proposal.

| Aug 26, 2010, 09.27 AM IST

ET Now spoke to Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors, on his stock recommendations.

ET Now: What's your outlook on Nalco?

Paras Adenwala: I would stay clear of it. There is a problem on the metals side and we are talking about reducing metal aluminium prices. The only reason why Nalco moved up was because of their bonus issue proposal.

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!