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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.
APL Apollo Tubes’ profitability in focus after volumes fail to impress
Weak demand, Dubai disruptions and steel price volatility dragged APL Apollo's Q1 volumes well below guidance, shifting investor focus to whether margins can hold up.
Vibhor Steel Tubes board approves incorporation of subsidiary in Haryana
At meeting held on 04 June 2026
Vibhor Steel rises as board nod to set up new subsidiary in Hisar
Vibhor Steel Tubes advanced 2.16% to Rs 116 after the company's board approved the incorporation of wholly-owned subsidiary, Viyom Steel Infra in Hisar, Haryana.
Rama Steel Tubes consolidated net profit declines 37.43% in the March 2026 quarter
Sales decline 16.05% to Rs 246.15 crore
Surani Steel Tubes reports consolidated net loss of Rs 0.07 crore in the March 2026 quarter
Sales decline 63.80% to Rs 41.34 crore
Tamilnadu Steel Tubes reports standalone net loss of Rs 0.04 crore in the March 2026 quarter
Sales rise 26.14% to Rs 25.67 crore
Vibhor Steel Tubes standalone net profit declines 42.12% in the March 2026 quarter
Sales rise 16.24% to Rs 335.13 crore
Dynamic Cables Ltd leads losers in 'B' group
Premco Global Ltd, Spandana Sphoorty Financial Ltd Partly Paidup, Digicontent Ltd and Sambhv Steel Tubes Ltd are among the other losers in the BSE's 'B' group today, 12 May 2026.
Sambhv Steel Tubes consolidated net profit rises 221.53% in the March 2026 quarter
Sales rise 38.37% to Rs 685.31 crore
Q4 Results Today: Blue Dart, Utkarsh Small Finance Bank, D-Link Among 30+ Firms To Declare Earnings
Sambhv Steel Tubes, Birla Corporation and Medi Assist Healthcare Services are among the key names that will declare their quarterly earnings on May 9.
Sebi clears IPOs of Hindustan Labs, RK Steel Manufacturing Co Ltd
Generic drug maker Hindustan Laboratories and steel tubes and pipes manufacturer RK Steel Manufacturing Company have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Thursday. The two companies, which filed their preliminary IPO papers in September, obtained Sebi's observations on April 27. In Sebi's parlance, obtaining observations is equivalent to securing approval to float a public offering. Hindustan Laboratories' maiden public offering comprises a fresh issue of 50 lakh shares, along with an offer for sale (OFS) of 91 lakh shares by the promoter, according to the draft red herring prospectus (DRHP). The company proposes to utilise IPO proceeds for funding the working capital requirements and general corporate purposes. Hindustan Laboratories is an Indian pharmaceutical company primarily engaged in the large-scale manufacturing and supply of generic medicines to government institutions under a ...