Hunt for Value: Here’s why metal stocks are on fire

Metal stocks have been on fire this week. CNBC-TV18’s Nigel D’souza gives a round-up on how the sector fared in the third quarter, the outlook for the Q4 and how valuations are shaping up.

Meanwhile, speaking about metals stocks in an interview to CNBC-TV18, Vikash Singh, VP-Metals & Mining at PhillipCapital said, “Right now we see maximum potential in Jindal Steel and Power (JSPL) and Steel Authority of India (SAIL); Tata Steel has already run-up, but JSPL and SAIL still have to catch-up in terms of their overall performance because both of these stocks could also benefit from a steep deleveraging; both the companies guiding a very aggressive deleveraging for the next 6-months.”