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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Focus Stocks: Titan, Tata Steel, Adani Ports, Fortis, United Spirits

Gold Silver Reports (GSR) – Focus Stocks: Titan, Tata Steel, Adani Ports, Fortis, United Spirits — Indian equity benchmarks declined for second straight day as June derivative contracts expired….. Rupee (₹) declining to a record low coupled with escalating global trade tensions added to the negative sentiment.                

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