Metal Stocks Outlook for the week – 27 to 30.04.2015
( www.rupeedesk.in )
Stocks
of major metal companies are seen outperforming the broader market in the
upcoming week, and are seen regaining some lost ground. There could be some
positive signs from European demand, and pricing of steel despite a fall in
global and domestic prices.
In a
mid-month review, mining major NMDC cut prices iron ore lumps and fines by 200
rupees and 500 rupees, respectively, last week, which is likely to benefit companies
such as JSW Steel, which do not have captive iron ore supplies. Stocks of Tata
Steel and JSW Steel are the top picks among the metal companies.
