Stocks to buy, Feb 10: JSW Steel offers strong volume growth and margin recovery potential, while Acutaas Chemicals benefits from robust CDMO-led earnings momentum, says Shrikant Chouhan of Kotak Sec
India's steel consumption to grow by 8 per cent- 9 per cent in the next few years, aided by strong demand from the infrastructure, construction and manufacturing sectors, believe analysts.
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.
In fiscal 2024-25 (FY25), India, according to HSBC, exported $76 billion worth of goods to the EU and bought $61 billion worth of goods from the EU
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.
Stocks to buy today: Vinay Rajani of HDFC Securities suggests buying SBI, JSW Steel, along with Nifty strategy; check details
On the bourses JSW Steel share price rallied up to 4.01 per cent to an intraday high of ₹1,216.30 per share, nearing its 52-week high of ₹1,223.75.
Stocks to Watch today: Axis Bank, UltraTech Cement, IndusInd Bank, BPCL, Pine Labs, JSW Steel and PVR Inox are among the stocks to watch today, January 27, 2026
JSW Steel bets on India's demand story, plans over ₹2 trillion capex and 56 mt capacity by FY31 amid global trade barriers and price volatility
JSW Steel's Q3FY26 net profit jumped nearly three-fold to ₹2,139 crore, driven by a one-time tax gain from the Bhushan Power-JFE Steel joint venture
JSW Steel's Q3 crude steel production stood at 7.48 million tonnes, while saleable steel sales hit a record quarterly high of 7.64 million tonnes
Stocks to watch today, January 23, 2026: Tanla Platforms, GSPL, Sona BLW, Adani Gas and India Cements are among other top stocks to track today.
India's steel sector is set to outperform globally, driven by strong domestic demand, safeguard duties and capacity expansion. Motilal Oswal picks JSW Steel, Tata Steel
Traditionally, Q4 is seasonally strong for volume push, and thus, analysts expect most steel companies to foresee very sharp reversal in margins in Q4FY26.
JSW Steel on Friday posted a 6 per cent year-on-year rise in consolidated steel output to 7.48 million tonne (MT) in the December quarter. It had produced 7.03 million tonne (MT) crude steel in the October-December period of the preceding 2024-25 fiscal year from India and the US operations, JSW Steel said in an exchange filing. Blast Furnace 3 (BF3) at Vijayanagar is under shutdown for upgrade of capacity from end of September 2025 and is expected to be commissioned by end of Q4 FY26. Consequently, this affected the capacity utilisation at Indian operations for Q3, FY26. The capacity utilisation for Indian operations for the quarter, excluding blast furnace (BF3) capacity, was at 93 per cent and including BF3 capacity was at 85 per cent.
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.
The CCI probe into the steel industry began in 2021 after builders alleged nine firms colluded to restrict steel supply and hike prices in a criminal case
Antique said it prefers steel companies with strong market presence, higher raw material integration, low leverage and greater exposure to the domestic market
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.