Stay invested in Hindalco, Tata Steel: Seshadri Bharathan, KSEMA

ET Now spoke to Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd., on his views on the metal sector, Hindalco and Tata Steel in particular.

What about the base metal stocks in general because all of them are up and about today and specifically Hindalco on account of what even Mr. Kumar Mangalam Birla had to say at the Hindalco AGC?

Definitely it is a positive news for Hindalco stock because if the promoter is buying into this stock, that means he is convinced about the business, he is convinced about the future growth prospect of the company.

So it augurs well for the investors. As for the some of the other metal stocks say a Tata Steel, we have seen on September 1, the steel companies increased the prices for flat steel because there is a growing demand from the automobile sector for flat steel and going forward, the demand would continue, especially in India for steel products. So my sense is that investors should stay invested in Hindalco and Tata Steel.