Nomura reiterates Buy on Tata Steel, JSW Steel, Jindal Steel
Nomura kept Buy ratings on Tata Steel, JSW Steel and Jindal Steel, citing domestic steel price strength and new highs in HRC and rebar.
Nomura maintained its Buy recommendations on Tata Steel, JSW Steel and Jindal Steel as domestic steel prices continued to strengthen, with HRC and rebar prices scaling new highs. “We maintain our positive stance on the India steel sector,” Nomura said, noting that domestic HRC prices rose Rs 1,600/t.