Metal stocks to buy ahead of Q2 results: Nuvama picks Coal India, Tata Steel; Jindal Steel an underperformer |Here’s why
AI Summary
The mixed performance forecast for metal stocks in Q2 FY27 highlights the challenges faced by the sector, particularly due to rising costs and fluctuating steel prices. Retail investors should pay close attention to Coal India and Tata Steel, as they are positioned to outperform amidst these headwinds, while Jindal Steel's significant expected decline raises concerns. This divergence in performance underscores the importance of stock selection in the current market environment, especially as global commodity prices remain volatile.
Metal stocks are likely to deliver a mixed performance in the September quarter, with Coal India and Tata Steel emerging as Nuvama Institutional Equities’ preferred names, while Jindal Steel is expected to be the key underperformer.
In its Q2 FY27 preview, Nuvama expects most steel companies under its coverage to report a 10–13% sequential increase in EBITDA, supported by a recovery in volumes after maintenance shutdowns during Q1. However, lower realisations and higher costs are expected to weigh on profitability on a per-tonne basis.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 07 October 2026.
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