Metals index on a rise: Which stocks to buy?
Also Read- NALCO, NMDC share prices gain as nod for royalty rates for Lithium, REEs lift prospects Going ahead, commentaries from the companies will be critical as the price-cost effect outlook (particularly for ferrous) is likely to take center stage, said analysts at ICICI Securities. Their top picks include Jindal Steel and Power Ltd (JSPL), Jindal Stainless, and Shyam Metalics.
Kotak Institutional Equities says that they find better risk reward in ferrous over non-ferrous producers and in their metals’ coverage. JSPL remains their top pick.
Also Read -Metals Sector Q2 Earnings Preview: Mixed bag performance likely, says Nuvama; prefers JSPL, Coal India JSPL, Hindalco Coal India and NMDC remain amongst top picks of Motilal Oswal financial Services. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions. "Exciting news! Mint is now on WhatsApp Channels
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