JM Financial Bets Big on Indian Steel: Why Margins are Set to Expand
JM Financial’s Top Metal Stock Picks JM Financial is bullish on the metals sector, particularly Indian steel companies, anticipating margin expansion in the current quarter. This positive outlook is fueled by a 12% safeguard duty on flat products and an expected $10-15 per tonne drop in coking coal costs for steelmakers. The brokerage highlights that … Read more