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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, 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.
Steel Stock Surges 9% After Winning Supply Order for ₹65,000 Cr Amaravati Capital City Project By Trade Brains - Investing.com India
Steel Stock Surges 9% After Winning Supply Order for ₹65,000 Cr Amaravati Capital City Project By Trade BrainsInvesting.com India
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.
Steel Exchange receives APCRDA approval for its flagship SIMHADRI TMT products
For use in ongoing construction works under Amaravati Capital City development program
Stocks to buy for long term: Tata Steel, EIL among 5 stocks ICICI Securities' Pankaj Pandey suggests for up to 36% gains
Stocks to buy for long term: ICICI Securities' Pankaj Pandey recommends five quality stocks poised for long-term gains. From Artemis Medicare, EIL to Tata Steel, discover the compelling reasons behind these picks and how they can bolster your investment portfolio in the coming years.
Stock Alert: JSW Steel, Dilip Buildcon, IRFC, Apollo Tyres, LT Foods, Tata Motors PV
Securities in F&O Ban:
Prefer BSE on dips, Bajaj Auto strong, DMart margins muted: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says markets remain selective with stock-specific opportunities. He flags weak telecom tower metrics and muted DMart margins, while auto OEMs show strong growth aided by price hikes. On BSE, he sees 15–20% volume trends but advises caution post volatility. He prefers long-term capital market plays on dips and remains bullish on metals, especially JSW Steel, with structural demand tailwinds.
Steel City Securities consolidated net profit rises 14.68% in the March 2026 quarter
Sales rise 20.42% to Rs 16.57 crore
Stocks in news: Tata Steel, Kaynes Tech, GAIL, Somany Ceramics, TVS Motor
Indian markets continued their downward trend on Thursday. Several companies saw significant news. BofA Securities invested in Kaynes Technologies. GAIL assured uninterrupted gas supply to Bengaluru. South Indian Bank launched EPF payment services. DCM Shriram approved renewable energy investment. TVS Motor launched a new electric scooter. Tata Steel moved court over a GST demand.
Steel price hike likely in March quarter; JSPL, JSW top picks: Axis Securities
Aditya Welekar, Senior Research Analyst-Metals at Axis Securities says another steel price hike in the January-March quarter of 2026 (Q4FY26) cannot be ruled out, expects spread expansion, and prefers JSPL and JSW over SAIL, which he sees as a tactical bet.