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08 Apr 2025
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Metal and Mining
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Prabhudas Lilladhar
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Sector Update
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domestic steel companies is expected to improve ~1% QoQ in Q4FY25 as flat imports and create a floor for Indian steel pricing. Heightened global uncertainties kept the exports markets under pressure. In contrast long product prices declined by 1% due to lower-than-expected infrastructure activities. Due to employee strike at NMDC mines, domestic iron ore prices stayed elevated however coking coal further softened 9% QoQ during Q4FY25. Initial announcements of US tariffs and rationalization of Chinese steel capacities had led to increase in steel prices across regions. However,...
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07 Apr 2025
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Metal and Mining
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Axis Direct
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Sector Update
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Top picks are: We lean towards domestic-focused companies and prefer APL Apollo Tubes and Coal India as Top Picks. We also like Hindalco, but recommend a Buy on Dips' approach amidst the volatile macro environment due to the impact of reciprocal tariffs.
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04 Apr 2025
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Metal and Mining
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IDBI Capital
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Sector Update
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07 Mar 2025
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Metal and Mining
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IDBI Capital
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Sector Update
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18 Feb 2025
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Metal and Mining
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Axis Direct
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Sector Update
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Top Conviction Ideas (Metals & Mining) - Hindalco; APL Apollo Tubes; Tata Steel
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09 Jan 2025
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Metal and Mining
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Prabhudas Lilladhar
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Sector Update
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08 Jan 2025
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Metal and Mining
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Axis Direct
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Sector Update
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Q3FY25 Earnings Preview - Metals and Mining
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03 Jan 2025
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Metal and Mining
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IDBI Capital
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Sector Update
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03 Dec 2024
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Metal and Mining
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IDBI Capital
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Sector Update
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21 Nov 2024
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Metal and Mining
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Axis Direct
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Sector Update
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Top Conviction Ideas - Hindalco; Coal India; APL Apollo Tubes; Tata Steel.
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