Metal Stocks
Outlook for the week – 27 to 31.10.2014
( www.rupeedesk.in )
Stocks of metal companies are
expected to trade with a positive bias next week as traders believe
that metal companies may show
operational improvement in their Jul-Sep earnings inspite of
what was considered a slow
market.
JSW Steel Tuesday surprised the market
by posting a Jul-Sep consolidated net profit of 7.49 bln
rupees, against estimates of 7.15
bln rupees, as ahigher proportion of value added products in the
company's product mix helped push
up margins. Companies seem to be taking the right steps
there is a belief that sentiment
could turn positive.
Investors will also eye Jul-Sep
results of Sesa Sterlite, scheduled to detail its earnings on Wednesday. NMDC Ltd will also
report its earnings on Oct 31.
