Bhavesh Chauhan, Metal Analyst at Angel Broking is of the view that one may buy Tata Steel. One can expect at least 15 percent upside per year, he adds.
The Tata group company posted a consolidated net profit of Rs 503.24 crore for the October-December quarter as against Rs 763.06 crore loss in corresponding quarter last fiscal.
Bhavesh Chauhan, Metal Analyst, Angel Broking recommends booking profits in Coal India on back of tepid volume growth and sees no incremental price hikes going forward.
Bhavesh Chauhan, metal analyst at Angel Broking is of the view that one may exit Coal India.
Bhavesh Chauhan, metal analyst at Angel Broking prefers Tata Steel and feels that earnings stability in Europe and earnings growth from India operations is likely to take the stock at higher levels.
Bhavesh Chauhan, metal analyst at Angel Broking recommends accumulating NMDC.
Bhavesh Chauhan, Metal Analyst, Angel Broking said the declared payout will be good for all parties concerned - the government, which will get around Rs 23,000 crore, and the minority shareholders.
Giving a special dividend makes more sense than divesting the shares for CIL because not only does the company have Rs 60,000 crore cash on the books without any capex lined up but even the dividend tax paid by minority shareholders would also go to the government, feels Bhavesh Chauhan.
Bhavesh Chauhan, research analyst at Angel Broking is neutral on Coal India.
Bhavesh Chauhan, research analyst at Angel Broking prefers Hindustan Zinc and NMDC but has a bearish view on JSW Steel.
Bhavesh Chauhan, Research Analyst at Angel Broking is bearish on Hindalco Industries.
Uttam Galva steel is hopeful of an improvement in the ferrous sector's performance going forward. It is also positive on the merger of Shree Uttam Steel and Power with Uttam Galva.
In an interview to CNBC-TV18, Bhavesh Chauhan of Angel Broking said that he cautiously optimistic on the metal sector.
Bhavesh Chauhan of Angel Broking feels that Tata Steel may rise 15 percent from current levels. "There is some more upside left in the stock based on conservative valuations," he adds.
Bhavesh Chauhan, senior analyst-metals, Angel Broking advised investors to avoid SAIL OFS. He believes even after a decline in stock price over the last three months, it is quite expensive.
Investors should avoid offer for sale (OFS) of SAIL, says Bhavesh Chauhan, Sr Analyst-Metals, Angel.
Angel Broking is bearish on NALCO and finds the stock expensive at current level, so it recommends investors to avoid subscribing to the company's OFS.
Metal stocks have been under pressure over the last few sessions. In an interview to CNBC-TV18, Bhavesh Chauhan, Angel Broking says, he is bullish on Tata Steel and Sesa Goa. However, he has a sell on Nalco.
Bhavesh Chauhan, Metal Analyst, Angel Broking is neutral on JSW Steel.
In an interview to CNBC-TV18, Bhavesh Chauhan, metal analyst of Angel Broking says, he likes Sesa Goa at current levels, but is neutral on JSW Steel.
Bhavesh Chauhan, metal analyst of Angel Broking says, the Sesa-Sterlite merger is negative for the minority shareholders of Sesa and Sterlite. “We are neutral on both the stocks,” he adds.
NMDC and Tata Steel are the top picks in metal space, says Bhavesh Chauhan, Metal Analyst, Angel Broking.
The stock of JSW Steel has been beaten down due to the mining scandal that it is embroiled in. Today, it has fallen by 11% and by 20% over the past week. According to Bhavesh Chauhan, metal analyst at Angel Broking, the company may get de-rated due to this.
Bhavesh Chauhan, Metal Analyst, Angel Broking is neutral on Coal India.
In an interview with CNBC-TV18, Tarang Bhanushali, Research Analyst, IIFL says, Sterlite Industries is expected to report robust numbers in Q4. “We have a buy rating on the stock. We believe that the company’s earnings would be robust going ahead,” he adds.