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Top Stocks to Buy at Anil Singhvi – Steel Stocks to Earn. Tata Steel, SAIL and Opportunity to Make Money, This Study Suggests

Metal stocks are doing well in the market and steel is one of the strongest segments. In this exclusive study, ZeeBusiness senior research analyst VarunDubey tells managing editor Anil Singhvi that two stocks are going strong in the future. He explains the outlook for these two stocks and why investors need to pay attention to them.

Dubey said Tata Steel and SAIL are two stocks that bring brilliant profits to investors.

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Stocks to Buy – Tata Steel – He said Tata Steel’s inventory has risen by at least 10% from current levels. This stock was trading at Rs912.80 at the time of recommendation.

Stocks to buy – SAIL – Dubey said the rate of increase for SAIL stocks is 20-25%.

He said steel bullishness would begin when China became a net importer of steel. China accounts for 50-56 percent of steel production. He said China began net imports in 2008, during which time steel stocks made tremendous moves. Almost 11 years later, it became a net importer in 2020. This is why steel stocks are soaring.

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Senior research analysts said both Tata Steel and SAIL have private mines for iron ore. The largest iron ore they use is from their captive mines. These two companies also have coking coal mines, he added.

The price of iron ore has risen by Rs 3,600 per ton since June 2020, while the price of steel has risen by more than Rs 19,000 per ton.

Both companies already own private mines, which could give them an edge over their peers.

In support of Dubey’s analysis, the editor-in-chief said having a prisoner of war mine would help Tata Steel and SAIL. Margins are greatly improved.

Another indicator of Brulan is when foreign institutional investors start investing in these companies, Dubay said.



Top Stocks to Buy at Anil Singhvi – Steel Stocks to Earn. Tata Steel, SAIL and Opportunity to Make Money, This Study Suggests

Source link Top Stocks to Buy at Anil Singhvi – Steel Stocks to Earn. Tata Steel, SAIL and Opportunity to Make Money, This Study Suggests

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