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2 Steel And Auto Stocks To Buy For Solid Returns in The Long Term
Brokerage firm, Emkay Global has recommended buying the stock of auto ancillary player Bharat Forge, while Geojit is upbeat on the stock of steel major, Tata Steel. Here are some facts, which had led to these brokerages having a buy on these stocks.{photo-feature}...
Steel And Auto Stocks To Buy For Solid Returns In The Long Term
Operating Margin Of Primary Steelmakers To Swell 5%: CRISIL
A sharp increase in the prices of steel will lift the operating margin of primary steel manufacturers by 500 basis points (bps) to 32-33% this fiscal on-year, CRISIL has stated. While this will drive steelmakers to double down on capital expenditure, ...
Operating Margin Of Primary Steelmakers To Swell 5 Crisil
Massive Rise In Raw Material To Hit Realty Sector Growth
At a time when the real estate was in recovery mode from last years' onslaught of corona pandemic, the second wave has again thrown a spanner in the works for the industry. Compounding the problem manifold is the steep jump in ...
Steel Consumption Takes A Knock In April 2021
India's finished steel consumption in April 2021 stood at 6.78 million tonnes, down 23% month-on-month, but still 8 times higher, year-on-year, India Ratings (Ind-Ra) report shows. "Domestic steel consumption is likely to be low over 1QFY22 quarter on quarter due to ...
Steel Consumption Takes A Knock In April
Commodities Rally Unlikely To Hurt Indian economy
A global commodity rally is unlikely to hurt India, unless energy prices start picking up, Motilal Oswal has said in a report. "Over the past few months, many commodities have seen a sharp increase in prices. The surge, however, is uneven ...
Commodities Rally Unlikely To Hurt Indian Economy
Steelmakers To Slash Rs 35,000 Crores Debt
Primary steel producers are expected to reduce debt by 15%, or Rs 35,000 crore, between fiscals 2021 and 2022, using the higher operating profits generated for prepayment, CRISIL has stated. "That, and a partial deferral of capex this fiscal will strengthen ...
Steelmakers To Slash Rs 35 000 Crores Debt
Govt Curbs Restrictions On Steel For Highway Construction
On Sunday, doing away with restrictive conditions for use of steel in highways construction, the government announced that all kinds of steel will be allowed for highways provided these meet the quality parameters. "The Ministry of Road Transport and Highways ...
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