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Metals, Mining Q1 Results Preview: Hindalco, Tata Steel Among Axis Securities Top Picks— Check Ratings, Target Prices
Domestic flat steel markets remained subdued in early July due to weak seasonal demand and monsoon-related disruptions.
Chola Securities sees buying opportunity in metals and cement stocks
Dharmesh Kant, Head of Research at Chola Securities, expects the commodity upcycle to continue for another year despite near-term volatility. He sees any correction in metal prices as a long-term buying opportunity, supported by reconstruction activity in the Middle East and a revival in infrastructure spending in countries such as India. Kant remains positive on metals and prefers Hindalco, Hindustan Zinc, Vedanta, Tata Steel and JSW Steel on declines. He also believes the cement sector has been overlooked and favours large-cap names like UltraTech Cement and Ambuja Cements, while regional players could benefit from improving pricing over the next two to three months. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Hindalco Over Tata Steel, NMDC: UBS Chooses Its Metal Of The Moment; Check Top Picks
The brokerage launched coverage on eight companies with Buy ratings on Hindalco, NALCO and Coal India, Neutral ratings on Tata Steel, JSW Steel and Jindal Steel, and Sell ratings on SAIL and NMDC.
Stable crude, strong metal demand and El Nino plays drive opportunities: Motilal Oswal's Khemka
Siddhartha Khemka, Head of Research-Wealth Management at Motilal Oswal Financial Services, says easing geopolitical tensions could keep crude oil prices stable, supporting oil marketing companies. He remains positive on GNG Electronics due to strong growth prospects in refurbished electronics and prefers Hindalco among aluminium stocks, citing a multi-year demand cycle. Khemka also sees long-term value in Manappuram Finance and believes Voltas and Varun Beverages could benefit from a potential El Niño-led heatwave.
Infosys, Reliance Industries, Hindalco, Tata Motors PV, CG Power And More On Brokerages' Radar
Brokerages' Radar
SENSEX drops over 800 pts, NIFTY50 opens at 23,080 amid Asian market sell-off; Wipro, Hindalco among top losers - Upstox
SENSEX drops over 800 pts, NIFTY50 opens at 23,080 amid Asian market sell-off; Wipro, Hindalco among top losersUpstox
Top gainers and losers, June 5: Wipro, Hindalco fall 3%, Adani Enterprises rises over 2%; check list - Upstox
Top gainers and losers, June 5: Wipro, Hindalco fall 3%, Adani Enterprises rises over 2%; check listUpstox
Coal block 'scam': Delhi court discharges Hindalco
A Delhi court has discharged Hindalco Industries and two former executives in a coal block case. The court found no evidence of illegal acts or criminal conspiracy. The Central Bureau of Investigation (CBI) failed to prove criminal breach of trust or cheating. The court stated that the allocation letter did not confer vested rights.
Nifty Metal index soars 3%; Nalco, Hindalco, Tata Steel rally up to 5%
Since April, the Nifty Metal index has zoomed 25 per cent, as against 7.2 per cent gain in Nifty 50.
Stocks in news: Suzlon Energy, Wipro, Hindalco, ICICI Bank, Eicher Motors
Indian markets closed with small gains amidst a volatile week. Investors will watch global economic news and policy comments. The RBI's dividend transfer will impact liquidity and government spending. Suzlon Energy, Wipro, Hindalco, ICICI Bank, and Eicher Motors are in focus. Companies like Suzlon Energy, RVNL, and Pine Labs will announce quarterly results.
Hindalco's India segment shines as profit and revenue hit record highs
Hindalco Industries achieved its highest ever revenue and profit for India operations in the March quarter. The company's India business delivered outstanding results across aluminium and copper segments. Consolidated revenue and Ebitda also reached all-time highs for the fiscal year. Novelis, the global arm, faced challenges but is on track for plant restarts.
Apollo Hospitals among 5 stocks hitting 52-week highs; rally up to 15% in a month
Indian stock markets saw a rally on Friday with the Sensex closing higher. Five companies from the BSE 100 index reached their 52-week highs. Grasim Industries, Varun Beverages, Samvardhana Motherson International, Hindalco Industries, and Apollo Hospitals Enterprise all touched new yearly peaks. This indicates strong investor confidence and positive market sentiment.