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CNBC TV18 - Markets 2d ago
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.
ABSL10BANKAPLAPOLLOAPOLLOAUSLHINDALCOJSWHLJSWINFRAJSWSTEELMETALRAMASTEELRATNAMANISALSTEELSAMBHVSTEELCITYSURANIVAMLVSTLCapital GoodsFinancial Services
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CNBC TV18 - Markets 136d ago
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.
AUSLAXISBPSETFJSWHLJSWINFRAJSWSTEELSAILSALSTEELSDL26BEESSTEELCITYCapital GoodsFinancial Services