Jefferies picks Tata Steel and Hindalco as their top stocks to buy in metal sector
Jefferies says that Global steel and aluminium prices have found renewed strength post the Chinese New Year and are at 10-year and 3-year highs respectively. The decarbonisation efforts are weighing down on steel supply in China and Japan while a synchronized recovery in global manufacturing and potential infrastructure stimulus across regions bodes well for demand
Jefferies remain positive on Indian metals with Tata Steel (price target raised Rs 915) and Hindalco (price target to Rs 390) as Jefferies top Buys in Metal Sector: Reuters