Sunflag Iron and Steel soared 18 per cent to hit a record high of Rs 118.90 on the BSE in Tuesday's intra-day trade, extending previous two-week rally on the back of heavy volumes.
Steel stocks are likely to be in limelight following reports of price hike in April.
India's top steelmakers have increased rebar and HRC (Hot Rolled Coil) price by around Rs 1,500-Rs 2,000 a tonne due to rising raw material cost, reports suggest
The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.
The Nifty Metal index can clock a new high, if it manages to cross and sustain above the 6,000-mark.
A strong capital expenditure announced in Union Budget FY23 coupled with renewed focus on the affordable housing segment have led to a sharp jump in share prices of companies associated with infra
Reliance Jio plans its biggest ever rupee bond sale, while Bharti Airtel shelves its plans to de-merge its core telecom business
Gold and steel related stocks are likely to hog the limelight in trades on Tuesday. The former on the account of Dhanteras, while the latter owing to hike in steel prices
Rebound in Chinese steel futures fuels positive sentiment
In the post-pandemic period, JSHL looks forward to increased government procurement as one of the key growth drivers
The management has guided for an increase in Q1FY22 realisations by Rs 6,000-7,000/tonne and spreads to improve by Rs 4,000-4,500/tonne on a sequential basis
Returns for the month slipped into marginal negative territory because of the 2 per cent fall on Friday
Some have temporarily shut down units in the wake of rising Covid cases, but at least three major suppliers to the auto industry said the move was unlikely to impact negotiations
Brokerages bullish on improving cycle and higher prices
The Nifty Metal index is expected to enter the territory of 4,100 after surpassing the resistance of 3,950-mark decisively
Stocks of all major steel producers hit a new one-year high with Tata Steel leading the pack
SAIL and Jindal Steel and Power rallied 7 per cent and 6 per cent, respectively on the BSE
Tata Steel partly-paid up shares were locked in the 10 per cent upper circuit at Rs 80.90, which was also its 52-week high on the BSE
Motilal Oswal Financial Services believes strong steel demand and prices in China, if it sustains, would be beneficial for steel prices in the region as well as India
The company reported a consolidated net profit at Rs 59 crore in Q2FY21, as against loss of Rs 197 crore in the year ago quarter