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Copper remains a strong long-term play despite near-term volatility: Anand Rathi’s Parthiv Jhonsa
Parthiv Jhonsa, Vice President of Anand Rathi Institutional Equities, said rising gas prices and higher shipping costs could pressure margins for Indian steel producers. However, immediate supply risks remain limited as companies hold raw material inventories. He noted potential export challenges due to Europe’s quota limits and warned that Chinese steel imports could rise if domestic production is disrupted. Jhonsa remains positive on select ferrous players and sees strong long-term prospects for copper.
Stocks to Watch Today: JSW Steel, Tata Motors PV, Adani Enterprises, SEPC, Muthoot Finance, GE Shipping, Welspun Enterprises, Sheela Foam, Voltas in focus on 15 May
Stocks to Watch, 15 May: Stocks like HCL Technologies, SEPC, Adani Enterprises, Zaggle Prepaid Ocean Services, Simca Advertising, Jaro Institute of Technology Management and Research, Voltas, Welspun Enterprises, Great Eastern Shipping Company, Muthoot Finance, Sheela Foam, and JSW Steel will be in focus on May 15.
Adani Ports, Aegis Vopak fall up to 6%; shipping, logistics stocks sink on Strait of Hormuz disruption fears
Among the sharpest losers in shipping and logistics stocks were Adani Ports and Special Economic Zone, Aegis Vopak Terminals and Essar Shipping, falling 5-6 percent each. The sell-off in logistics and port stocks comes as crude oil prices surged amid the Middle East conflict.