Siddhartha Khemka’s top 5 picks in metals and realty
Siddhartha Khemka, V-P, Head of Research (Retail), MOFSL, says “within the ferrous space, JSW Steel is a preferred pick followed by SAIL. Hindalco in the non-ferrous space is something that we like. The market has shown some appetite for niche luxury properties. So, real estate will do well. Our preferred picks would be Oberoi Realty and Macrotech Developers.”
What is your view on metals and Vedanta specifically because it is a high beta name?All these headlines regarding debt etc keep on circling around and impacting the stock price. What should a medium to long term investor do?
Within the metal space, Vedanta has been very volatile. There have been continuous news flows or developments with regards to the company, with regards to the promoter and the promoter entity as was the case today. But if you look at it from the overall sector perspective, after having some pressure in the past couple of quarters, the companies have now taken price hikes in the last couple of weeks and that is helping to change the sentiment.
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Marketing Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitIndian School of BusinessISB Chief Digital OfficerVisitThis is one sector which is globally impacted and the slowdown specifically in the Chinese real estate market is a direct impact on the metals sector. So do not expect a sharp runaway positivity but within that, selectively some of the ferrous names we like because they have been able to take on the price hikes and a steady demand environment in the domestic market.
So within the ferrous space, JSW Steel is a preferred pick followed by SAIL. Hindalco in
