We are building up positions in steel and the non-ferrous sector: Ajay Srivastava

In a chat with ET Now, Ajay Srivastava, CEO, Dimensions Consulting shares his view on metals:

ET Now: What about the next leg of the commodity basket, we have spoken about oil and gas but metals is the worst over for names like JSW or Tata Steel or not quite?

Ajay Srivastava: We are building up positions both in steel and the non-ferrous sector like Hindalco in India, Sterlite little bit not too much but little bit. n May be 5%-10% would still go down but definitely it cannot go much worse and we are already in a recession, literally IIP is zero, consumer is down to 1% and so on and so forth. So it is 12 month waiting game which is happening, it may be too early to commit big capital to these sectors but nibbling yes it is recommended.