HomeNewsBusinessStocksIdeas for profit | Buy this steel stock on declines for high dividend returns

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Ideas for profit | Buy this steel stock on declines for high dividend returns

This steel stock is a proxy play for increasing steel production. As India is likely to witness incremental production of nearly 15-20 million tonnes of steel in the next 3 years, MC Pro expects this company’s revenue to grow at 20% and 12%, respectively for 2022 and 2023 and also expects higher dividend payout which will improve return ratios. Investors with a long-term view and expecting moderate return can accumulate at current levels and add on declines.

Moneycontrol News

August 29, 2022 / 17:50 IST

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TAGS: #Banks #Business #economic #Economy #Moneycontrol #Moneycontrol Live #Moneycontrol News #Moneycontrol terminal #Moneycontrol.com #share market #steel stock #Stock market tips #stocksmoneycontrol #Vesuvius India

first published: Aug 29, 2022 05:50 pm

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