Steel plant demerger, improved return ratios for mining business, high dividend yield key positives
However, with the onset of monsoon, the outlook for steel demand remains subdued in the September quarter
While domestic outlook was seen improving post recent iron ore price hikes and rising steel output, coronavirus could curb gains
rom Nifty option chain, the next support level for Nifty is seen at 12,000
Tata Steel, Vedanta and SAIL have seen sharp fall in their stock prices in the recent months.
Analysts see improving volumes, earnings growth ahead as Karnataka pricing issues resolve