Will prefer Tata Steel over Hindalco: Neeraj Dewan

In a chat with ET Now, Neeraj Deewan, Director, Quantum Securities shares his view on metal space:

ET Now: Wanted your opinion on the overall metals basket in terms of Hindalco’s results what did you make of it and what are the expectations from Tata Steel?

Neeraj Deewan: I will prefer Tata Steel, steel has seen some improvement and you have got some sense of data which is coming from China which looks reasonably better than what has been earlier.

If we got to believe that is the trend which can continue then steel is one sector where I feel Tata Steel would be a good pick and it really showed lot of improvement also in the stock prices also in the last two couple of months. So Tata Steel would be my pick of the lot and Hindalco I really do not follow and would not like to go with it.