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From being totally under the control of the bulls, Dalal street has seen occasional sightings of bears in the last four weeks. While the reasons have been different at various points of time, the first indication that bears might be getting up from their sleep are surely on the wall. So it would be better to add “ caution” to your dictionary when looking at the stock market. The caution is also getting reflected in the overall count of stocks which have seen an improvement in their score. Also more importantly, it is time to take a step back, think and then make a decision both when buying and selling any stock. These selected stocks depict a strong upward trajectory in their overall average score. This implies that there has been a significant improvement in their market outlook in the given time frame. ....
Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 69095.67 Crore) operating in Metals - Ferrous sector. ....
According to Chakri Lokapriya, CIO & MD of TCG AMC, investing in TCS, oil marketing companies, and the metal sector at their current levels is not recommended. He believes that TCS s numbers reflect a slowdown in the industry and investing in the stock will not generate significant returns. Lokapriya also suggests staying on the sidelines for Reliance Industries due to the lack of spending in the BFSI and TMT sectors. However, he sees potential in Jio Financials, which he believes will be transformative for the NBFC industry. ....
This week, when broader market indices were correcting sharply, it was metal stocks which were able to keep their head above water. Even today, the list of stocks trading with gains is dominated by metal stocks. This has happened for the fourth time in the last two months, that metal stocks have been able to inch upward when other sectors are under pressure. Is it an indication that global commodity markets are finally expecting all the efforts which the government in China is making to revive the economy might be successful. Or once again it is a short term movement which will face pressure at higher levels. It is the numbers from China which hold the key. ....
Analysts predict that the profitability of domestic steel makers in India will improve in the third quarter of this year due to lower costs of coking coal, a key raw material. Although steel prices have fallen during this period, companies are using lower-priced inventory to help bring down costs. However, the improvement in profitability will be limited as steel prices have also decreased. ....