The current trend in the sector is likely to continue with restrictions in China and improved global demand, said analysts. Synopsis The recent correction in metal stocks offers a good buying opportunity as the sector continues to shine in the near term with higher consumption forecast, balance sheet repair, and new demand from electric vehicle … Read more
MUMBAI: One of the defining characteristics of the Covid-19 bull market has been its propensity for nostalgia. The heroes of the yesteryears are back in vogue as if this were some Marvel comic movie where you can’t kill them so you keep resuscitating them in the storyline. Look at value investing, for example, the bruised … Read more
Metal stocks like Tata Steel, JSW Steel and Jindal Steel and Power are looking very convincing from here on, says Rahul Shah, VP-Equity Advisory, Motilal Oswal Financial Services. Excerpts from an interview: Would you apply the same logic to the hotel sector picks seeing that if travel is picking up ideally we should likely also … Read more
With an objective to unlock potential value, Jindal Steel and Power (JSPL) may announce the demerger of power business into a separately listed company next week, ET NOW reported. “Management believes de-merging steel and power businesses will unlock value,” sources told ET NOW. Market analysts believe power business valuation may see an upside. “Analysts estimates … Read more
With risk aversion setting in, it is best to anchor on the basis of valuations and this is what we have been recommending investors should do, says Head of Equities, Investec Capital Services. Are you positive about some of the auto names right now?In the auto sector, valuations have always been supportive. These are not … Read more