Tata Steel stock in a strong position: KSEMA Fincon

One word on Tata Steel first and then any other counters from the metal space that you particularly fancy right now.

Seshadri Bharathan: Definitely the deal is positive for Tata Steel because Tata Steel holds around 21.15% stakes in reverse deal which is a coking coal manufacturing company. So definitely that is a positive. If you look at the entire metals space, definitely what we are seeing is the dollar has weakened.

It is trading at around 3 months low against euro and pound which means that some of these commodity metals space would definitely see some buying happening. As far as the other metal that we like is copper because we are seeing the inventories are at 6-year low and we are seeing copper gaining everyday and last 5 days consequently we have seen copper gaining. So Hindalco is another stock that we like at this point of time.