As of January 1, among 34 analysts tracking BPCL on Moneycontrol s Analysts Tracker, Buy calls rose to 25 from 21 previously, while Hold calls decreased to 4 from 8
In the last one year, Hindalco Industries surged 24 percent, JSW Steel advanced 23 percent while Tata Steel jumped nearly 29 percent. In the last one month both Hindalco and Tata Steel rose around 7 percent each while JSW Steel remained flat.
There appears to be anticipation that China’s measures and fall in coking coal costs will improve demand for steel, although there is no evidence yet at ground level.
According to the data from Moneycontrol s July analyst call tracker, several companies have seen significant downgrades by brokerages over the past month.