Stocks
of metal companies are seen reacting to stock-specific action next week, with
Oct- Dec
earnings of nifty majors Tata Steel and Hindalco Industries scheduled to be announced.
Tata Steel will report its earnings on Tuesday while Hindalco Industries will detail
its results on Thursday. Tata Steel Ltd is seen reporting a consolidated net
profit of 7.83
bln rupees for Oct-Dec against a loss of 7.63 bln rupees a year ago on steadily improving
profit margin. Net sales are seen rising 12% on year for the consolidated
entity to
357.88 bln rupees on higher sales volumes. The company's profit margin is seen
at around
10.77%, a 387 basis points increase from a year ago. On a sequential basis,
Tata Steel's
net profit is seen down 15%, and net sales down 2%. Hindalco
Industries is seen reporting a 26% on-year drop in net profit to 3.2 bln
rupees. Net
sales of the company is also seen down 1% on year at 67.34 bln rupees. On a
quarteron- quarter
basis, net profit is down 10% while net sales are seen rising 8%.
