Nuvama favors Coal India, Tata Steel ahead of Q2 results
after close1 source ↓machine-written, see hownot a recommendation
- for most steel
- 10–13% EBITDA increase
- QoQ
- $10–15 per tonne
Nuvama Institutional Equities has identified Coal India and Tata Steel as preferred picks ahead of Q2 FY27 results, expecting a 10–13% EBITDA increase for most steel companies. However, Jindal Steel is anticipated to underperform due to lower realisations and rising costs, with coking coal prices projected to rise by $10–15 per tonne QoQ.
Not investment advice. For informational purposes only.