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Metals Stocks Outlook For The Week - 24 To 28.09.2018

Metals Stocks Outlook For The Week - 24 To 28.09.2018

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             Equity Cash/Futures/Options Segment 

Stocks of metal and mining companies will take cues from the broader market, but are likely to trade with a positive undertone. Aluminium producers are likely to remain positive on expectation the government may increase import duty on aluminium products. We expect prices of steel to remain
strong because of weakness in the rupee which has lifted import parity and given domestic mills the headroom to increase prices. A seasonally strong Oct- Mar period should also support demand. It prefers Tata Steel over its peers because of a better risk-reward ratio, and has an underperform rating on both Steel Authority of India and JSW Steel.

Source : Cogencis Information Services Ltd.

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