Monday 10 November 2008

Do not buy Nalco at current level: Madan

Ashu Madan, National Head of Religare is of the view that one shouldn't buy Nalco at current level.

Madan told CNBC-TV18, "One can buy Nalco but not at these levels because we have seen some run up in a couple of trading sessions and that is primarily on account of that metal space was badly bruised and battered and we have seen that kind of a bounce back across the sector. So probably that is one of the reasons why in the couple of trading sessions there has been a considerable bounce back."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source: Moneycontrol

Posted by Harsh at 07:36

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