Metal Stocks To Buy: Tata Steel, Jindal Stainless among Jefferies’ picks; Hindalco downgraded
Global brokerage firm Jefferies has turned positive on India’s steel sector, citing strong volume growth prospects and improving profitability. In its latest note on metals and mining, the broking firm said India steel companies are expected to deliver a strong 8-10% volume CAGR over FY25-27E with safeguard duty aiding profitability. While China’s CY24 exports of…