Metal Stocks Outlook for the week – 04 to 08.08.2014
Stocks of metal companies are
seen extending losses next week on weak global
sentiment, with JSW Steel being
preferred due to its strong fundamentals. JSW Steel
yesterday posted a higher-than-anticipated
Apr-Jun results, posting a consolidated net
profit of 6.56 bln rupees.
Investors will eye Hindalco
Industries, as the company's wholly owned subsidiary
Novelis Inc will report its
results on Thursday. The outlook on Sesa Sterlite remains
mixed after it posted its Apr-Jun
results on Tuesday. The company had posted a 25% quarter-on-quarter fall in its
consolidated net profit to 13.4 bln rupees.
