Rakesh Jhunjhunwala on commodity markets; says, 'Steel stocks are completely undervalued'



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Rakesh Jhunjhunwala stated that he believes the metal stocks are undervalued. Tata Steel, as per him, is extremely undervalued even at current levels! He stated that the pedigree of Tata Group and Tata Steel is of the highest quality when compared to peers..
He says that the commodity cycle has turned and the valuations of the metal stocks is a joke. He believes that there is going to be a very big upsurge in the steel cycle and in other commodity cycles..
Rakesh Jhunjhunwala also said that he believes the scare and fears of inflation are currently overhyped as inflation will not come overnight but rather comes with a lag, giving enough time for consumers and producers to prepare for inflation.
Watch the video to know more!
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