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Wait for better entry points in metal stocks, JSW Steel and Hindalco top picks: Axis Securities
Aditya Welekar, Senior Research Analyst- Metals, Axis Securities, ranked JSW Steel as his preferred ferrous stock and Hindalco as the top non-ferrous pick. The brokerage also expects aluminium prices to remain around $3,000 per tonne in FY27 and continues to recommend APL Apollo Tubes with a target price of ₹2,250.
Metals Q4 results: Strong operational performance sustains amid elevated metal prices; Hindalco, APL Apollo top picks
Metals and mining sector showed resilience in Q4 FY26, supported by high commodity prices and strong demand. Most companies met or surpassed expectations, with APL Apollo Tubes and Hindalco receiving 'Buy' ratings from Axis Direct, highlighting their robust performance and strategic growth plans.
Trade Spotlight: How should you trade Goodluck India, CreditAccess, Sun Pharma, Gravita India, Ratnamani... - Moneycontrol.com
Trade Spotlight: How should you trade Goodluck India, CreditAccess, Sun Pharma, Gravita India, Ratnamani...Moneycontrol.com
Nifty Metal gains 3%; Tata Steel, JSW, LloydsME jump up to 7%: Here's why
Excluding National Aluminium, 14 of 15 index constituents rose on Friday, with Lloyds Metals & Energy, Tata Steel, JSW Steel, Jindal Steel, and APL Apollo Tubes gaining over 3 per cent each