GOLDEN RULES FOR TRADING

Metal Stocks Outlook for the week – 02 to 06.02.2015

Metal Stocks Outlook for the week – 02 to 06.02.2015

Stock of metal companies are expected to trade range bound next week with investors eyeing
Nifty metal majors Tata Steel and Jindal Steel and Power which are scheduled to detail their
results next week.

The market will also eye the Reserve Bank of India's policy meet on Feb 3. Most market
participants believe that a further rate cut will only be possible after the Union Budget.

Tata Steel Ltd is expected to post a consolidated Oct-Dec net profit of 82 mln rupees in Oct-Dec,
down an enormous 98% from a year ago. Net sales of the company are expected to be 336.75 bln
rupees, down 8%. The estimates of earnings of Tata Steel range from an estimate of a net loss of
1.1 bln rupees to a net profit of 3.6 bln rupees as the impact of sourcing iron ore through imports
and from NDMC, and reduced steel prices.

Jindal Steel is scheduled to detail its results on Tuesday. Lower realisations along with deallocation
of captive coal block powering power and sponge iron units are likely to pull down the
company's consolidated Oct-Dec net profit by 57% on year at 2.42 bln rupees. Net sales of the company are seen falling 1% on year to 52.93 bln rupees.