Momentum in Commodities Not Sustainable: Prabhudas Lilladher
R Sreesankar, head institutional equities at Prabhudas Lilladher, believes that bounce back seen across the commodities space including crude oil will not be sustainable. Fundamentals do not warrant price rise seen across markets for the demand growth that there is in the system. Demand has to sustain for the prices to recover. If demand improvement is not there prices will continue to be under pressure.
