Ambit Capital’s Co-Head of Equities Dhiraj Agarwal on Friday said that India has inflation issues, but very less than other countries.

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“We also have an inflation issue, but far more manageable as compared to many other economies," he told CNBC-TV18.

While talking about the metal sector, Agarwal said, “Tata Steel, in this down cycle, will still make more than 10 percent ROE. Typically, if you buy metal stocks in a down cycle and hold it for some time with patience, you can make a lot of money. And in this down cycle if Tata Steel is making 10 percent ROE. If you invest here and hold it for 2-3 years, there is a lot of return to be made.”

Also Read | Exclusive: Tata Steel CFO Koushik Chatterjee On Merger Of Subsidiaries, Potential Synergies, and European Business

According to him, the worst foreign institutional investor (FII) outflow is behind.

Also Read | Tata Steel to merge all Tata Group metal companies with itself

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