Rajesh Jain of Pranav Securities is of the view that one can stay with National Aluminium Company, Hindalco Industries.
Jain told to CNBC-TV18, "Even if one is retail investor, his quantity really warrants that he maintains both the holdings for the long-term. Really you have bought good stocks, do not worry about them, keep them in your portfolio and essentially forget about them. Both are good dividend paying stocks, both are dominant players both in India as well as internationally. The price increase of close to 4000 per tonne is tremendous news and withdrawal of discounts is the icing on the cake there."
He further added, "I think the financials for this quarter for both of them would really justify you continuing to be with these stocks. Do not get carried away by the noises that you hear for and against the metal space in the media. I think investor has got excellent picks, core portfolio picks what I would call them, stay with them."
豫公网安备41010502003434号