Metal Stocks
Outlook for the week – 27 to 30.01.2015
( www.rupeedesk.in )
Stocks of metal companies are
expected to trade range bound next week, with Sesa Sterlite and
JSW Steel eyed as they are
scheduled to detail their results. Lower contribution from Cairn India
Ltd and lower volumes from
international zinc segment are seen dragging Sesa Sterlite Ltd's
Oct-Dec consolidated net profit
down 25% on year to 14.02 bln rupees.
Net sales of the company for the
quarter is expected to be largely flat at 193.56 bln rupees,
according to an average of
estimate. The company is scheduled to detail its results on Thursday.
JSW Steel Ltd is expected to post
a consolidated net profit, adjusted for exceptional items and
foreign exchange loss, of 4.3 bln
rupees, down 7.8% year-on-year for Oct-Dec. Sales volumes of
the company are expected to be
flat on year but costs are expected to rise as the company has
resorted to importing iron ore.
The stocks of Jindal Steel & Power and Tata Steel are expected to trade range bound next week.
