Stock Market Today: Tata Steel share price having risen more than 60% in a year. is trading near 52-week highs it scaled a few days back. The company while is expected to see good volume growth, profitability for domestic operations may decline sequentially. Here s more from what analysts expect -
Metal stocks: Kotak has suggested Jindal Steel Ltd (JSPL) as its top 'BUY' in the sector. It has Buy rating on NMDC and Tata Steel and 'Sell' rating on Vedanta, SAIL, Hindustan Zinc and Nalco.
Hindalco Q4 results: Elara Securities sees profit for the quarter at Rs 2,628 crore, down 34.90 per cent YoY over Rs 4,038 crore in the year-ago quarter. It sees sales at Rs 56,104 crore, up 0.6 per cent YoY.
Going ahead, how steel prices shape up is a key monitorable for the stock. Further, higher coking coal prices could have a negative impact on near-term margins