Tata Steel Ltd, Hindalco Ltd and APL Apollo Tubes Ltd are Axis Secuities' top conviction stocks within the metals & mining ...
NALCO and Tata Steel, each down by more than 3 per cent. Welspun Corp, JSW Steel, Ratnamani Metals, Jindal Stainless, Hindustan Copper and APL Apollo Tubes were down more than 2 per cent each.
These products are mainly used in the construction industry. Tata Steel produces tubes for various applications, such as oil and gas, water and structural applications. Apart from this ...
A cut in the repo rate is considered a positive for the growth of infrastructure and real estate. Metal stocks shine on such prospect, being a necessary raw material in such developments.