Metal stocks today: Hindustan Copper, NALCO, Vedanta, Hindustan Zinc, Hindalco Industries and NMDC were down in the range of 6 per cent to 11 per cent on the NSE in Friday's intra-day trade.
Aakash Shah, technical analyst at Choice Equity Broking expects Jindal Steel stock to rally towards ₹1,180-1,220 target zone in the coming weeks.
At 11:15 AM on Wednesday; the Nifty Metal index was up 2.5 per cent, as compared to 0.6 per cent rise in the Nifty 50.
Ajit Mishra of Religare Broking has recommended buying the shares of Dalmia Bharat, Jindal Steel, and LIC Housing Finance today
At 10:21 AM on Wednesday, the Nifty Metal index was the top gainer among the sectoral indices up 2 per cent, as compared to 0.23 per cent decline in the Nifty 50
Traditionally, Q4 is seasonally strong for volume push, and thus, analysts expect most steel companies to foresee very sharp reversal in margins in Q4FY26.
However, in the past one month, the Nifty Metal index has rallied 10 per cent, as against 0.17 per cent rise in the Nifty 50.
In the past one month, the stock price of Hindustan Zinc, Nalco, Vedanta, Hindalco Industries and SAIL have rallied between 15% and 32%.
Antique said it prefers steel companies with strong market presence, higher raw material integration, low leverage and greater exposure to the domestic market
Axis Securities bets on JSW Steel's position at the brink of capacity expansion, its growing product portfolio, and attractive valuation
Jindal Steel plans to double its structural steel manufacturing capacity to 2.4 MTPA by mid-2028, aimed at addressing the growing demand for heavy and ultra-heavy structural steel sections.
Steel stocks in focus amid reports that the government has notified the much-awaited Anti-dumping duty/safeguard duty on flat steel imports for a period of 3 years.
At 09:55 AM; Nifty Metal index, the top gainer among sectoral indices on Monday, was up 1.5 per cent, as compared to 0.08 per cent rise in the Nifty 50.
In general, a bearish engulfing candlestick pattern is considered as a bearish sign, as the latest candle completely overshadows the preceding day's price action on the charts.
The brokerage believes that cost efficiencies from increased captive coal, a slurry pipeline, and higher captive power generation will support margins
Nomura says the broad-based slowdown validates earlier expectations of a sharper demand slump in the second half of the year.
Technical charts suggest that HEG, Graphite India, Chennai Petro, Jindal Steel and Deepak Fertilisers can potentially rally up to 18% from here; here are the key levels to track on these 5 stocks.
Motilal Oswal Financial upgrades Tata Steel from Neutral to BUY with a target price of ₹210 per share, while InCred Equities upgraded SAIL's rating to ADD from REDUCE, with a target price of ₹158.
Q2FY26 company results: Firms including Adani Green Energy, Blue Dart Express, Mahindra & Mahindra Financial Services, and Icra are also to release their July-September quarter earnings reports today
A delegation from Jindal Steel International is expected to visit Germany soon to evaluate various financial and operational aspects of thyssenkrupp Steel's assets, in which the Naveen Jindal-led group entity has expressed interest. In September, Jindal Steel International submitted a non-binding offer to thyssenkrupp AG and initiated discussions for the potential acquisition of its steel division. According to industry sources, the company is now preparing to send representatives to Germany to conduct an in-depth assessment of the thyssenkrupp Steel facilities. The evaluation will include a technical review of plant machinery and a broader analysis of the business operations. Sources added that discussions may also be held with workers at the site, as thyssenkrupp Steel is believed to carry a pension liability of approximately 2.7 billion euros. The steel facility in question, located in Duisburgabout 550 km from Berlinhas an annual production capacity of around 11 million tonnes