SAIL, NMDC are down up to 9% in 1 month; is it time to buy steel stocks?

Steel stocks have been reeling under severe pricing pressures, led by cheaper imports. Over the past one month, stock prices of steel companies have declined up to 9 per cent on the National Stock Exchange (NSE). Investors, however, may use the correction to enter the pack as pricing pressure may be bottoming out, believe analysts.

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Stocks Tips For Today: JSW Steel, Biocon, HPCL, Adani Transmission

Stocks Tips For Today: Indian equities staged a rebound from their lowest level in nearly two months on Friday. The S&P BSE Sensex ended 1.2% higher at 49,008 while the NSE Nifty 50 index rose 1.3% to close at 14,507. However, Friday’s gains were not enough to prevent the benchmark indices from posting their second straight weekly loss.

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Stocks To Watch: RCom, Hindalco, ITC, JSW Steel, Tata Steel

Gold Silver Reports (GSR) – Stocks To Watch: RCom, Hindalco, ITC, JSW Steel, Tata Steel – Indian equity benchmarks edged lower after the Bharatiya Janata Party’s lead diminished from the halfway mark while Congress struck a post-poll alliance with the Janata Dal (Secular) in Karnataka. The S&P BSE Sensex ended little changed at 35,543.94 and the NSE Nifty 50 index closed at 10,802.        

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Stocks To Watch: JSW Steel, Jubilant FoodWorks, Infibeam, Indiabulls Housing Finance

Gold Silver Reports (GSR) – Stocks To Watch: JSW Steel, Jubilant FoodWorks, Infibeam, Indiabulls Housing Finance – Indian equity benchmarks rose for second day in a row led by ICICI Bank, Reliance Industries and Mahindra & Mahindra. The S&P BSE Sensex rose 0.35 percent or 115 points to 33,370.63 and the NSE Nifty 50 index advanced 0.33 percent or 33 points to 10,245.       

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