Upside for commodity Stocks limited : Karvy

ET Now fundamental check with Ambareesh Baliga, VP, Karvy Stock Broking Ltd.

One word really on these metal stocks they have shown a bit of a rally over the last 3 or 4 sessions and the commodity prices don't seem to be coming down in hurry?

That's true but then from here upside for commodities seems limited whereas the market has already discounted the fact that the commodity prices will remain strong. I mean we think otherwise so at this point of time especially steel and aluminium we are quite cautious and asking people to book out of Tata Steel, Hindalco, Nalco etc.