456.7500 19.75 (4.52%)
NSE Dec 19, 2025 15:31 PM
Volume: 382.1K
High volume today

456.75
4.52%
Monarch Networth Capital Limited
We initiate coverage on Refractories, riding on the current boom in the steel industry. Heavy financial stimulus for infrastructure projects - domestic and global is expected to keep demand for refractories robust in the near future. Historically, refractory companies have been steady revenue compounder with stable margins, net cash balance sheets and superior return ratios, a remarkable contrast to its customer steel sector, thereby largely obviating the severe cyclicity of commodity companies. We expect recycling and localisation to support margins for refractory players. We initiate on IFGL Refractories and RHI Magnesita India (RHIM) with a BUY rating with IFGL being our preferred pick....
RHI Magnesita India Ltd. is trading at high day volume of 382.1K.
More from RHI Magnesita India Ltd.
Recommended