business / news / / Outlook Money
Metal stocks rose over 1 per cent on April 28, outperforming benchmark indices.
Goldman Sachs predicts India's steel consumption will nearly double to 212 million tonnes by FY32.
KEY POINTS
- India is now the only major country both producing and consuming significant amounts of iron ore.
- Goldman Sachs has initiated coverage on India's ferrous metals sector due to a structural demand shift.
- JSW Steel and Shyam Metalics are Goldman Sachs' top metal stock picks with 'buy' ratings and targets.
- Goldman Sachs maintains a 'sell' rating on NDMC due to volume growth concerns and increased competition.
COMPANIES
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