SAIL vs JSW Steel vs Hindalco vs Tata Steel: Which Metal Stock To Buy Today?

SAIL vs JSW Steel vs Hindalco vs Tata Steel: Metal sector stocks extended their gains in Tuesday's trading session, with Hindustan Copper, Hindalco, National Aluminium Company, Tata Steel, JSW Steel, and Jindal Steel trading in the green today.

Nifty Metal was trading 0.31% higher at 9,584.85 points at 10:43 am. The sectoral index has gained around 2.49% in the past five trading sessions. JSW Steel is one of the metal stocks that garnered investors' attention due to its strong June quarterly results.

SAIL vs JSW Steel vs Hindalco: Which Metal Stock To Buy?

The metal stocks rally is continuing over the past few days amid multiple developments that may impact the companies in the sector. According to reports, there is a possibility of Chinese metal output being absorbed within the country amid reports of rising metal demand in the country because of increasing construction activity. Rising metal demand in China, may have boosted hopes for reduced dumping of cheap Chinese metals on the Indian market, according to the moneycontrol website.

SAIL

Steel Authority of India Limited (SAIL) shares were trading 0.29% higher at Rs 137.4 per share on BSE at 11:20 am. The stock had touched an intraday high mark of Rs 137.85 per share, whereas it touched an intraday low mark of Rs 136.55 per share on BSE. Antique Brokerage gave a 'Hold' rating for the stock with a target price of Rs 132 apiece. The stock had indicated a 4% decline in SAIL share valuation.

JSW Steel

JSW Steel shares were trading 0.17% higher at Rs 1035.75 per share on BSE at 11:23 am with market capitalisation of Rs 2,53,287.89 crore. The stock had touched an intraday high mark of Rs 1043.25 per share, whereas the stock had dipped to an intraday low mark of Rs 1032.60 apiece.

JSW Steel received a 'Hold' rating for the stock with a target price of Rs 942 per share. The stock valuation may see a decline of 9%.

Hindalco

Hindalco Industries shares were trading 0.84% higher at Rs 688.2 per share on BSE at 11:30 am. The stock opened to an intraday high mark of Rs 692.50 per share, whereas the stock fell to an intraday low mark of Rs 682.45 apiece. The brokerage gave a 'Buy' rating for the stock with a target price of Rs 798 per share. The brokerage had indicated am 18% surge in its valuation.

Tata Steel

Tata Steel shares were 0.40% higher at Rs 163.60 per share on BSE on Tuesday at 11:30 am. The stock had dipped to an intraday high mark of Rs 164.40 per share and an intraday low mark of Rs 163.10 per share. The stock received a 'Buy' rating from Antique brokerage, with a target price of Rs 165 per share.

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