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Metal stocks looking stretched: Angel Broking


The rally in metal stocks may have stretched too far, says Bhavesh Chauhan of Angel Broking. He recommends a hold on stocks like SAIL and JSW, which he says have already gained substantially on improving fundamentals. He, however, retains a buy on Tata Steel & NMDC.

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Company Price (Rs.) CHG %
HATHWAY 242.05 5.95%
THERMAX 752.95 4.35%
APOLLOTYRE 167.70 4.19%
IRB 114.40 3.62%
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