Metal Stocks Outlook for the week - 23.12.2013 - 27.12.2013
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K.Karthik Raja
Dec 23, 2013, 6:27:33 AM12/23/13
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Metal Stocks Outlook for the week - 23.12.2013 - 27.12.2013
www.rupeedesk.in
Metal stocks are seen tracking the broad market next week on lack of fresh fundamental triggers. The stocks for long-term outlook on the metal sector due to demand and supply issues, but in the space, prefers JSW Steel as he believes the company has "chosen appropriate strategies" to make sure revenues continue to flow, despite the iron-ore sourcing problems faced by it. JSW Steel is expected to meet its production aims again, despite raw material sourcing problems, which will in due course result in a run up in the stock price.
www.rupeedesk.in
Metal stocks are seen tracking the broad market next week on lack of fresh fundamental triggers. The stocks for long-term outlook on the metal sector due to demand and supply issues, but in the space, prefers JSW Steel as he believes the company has "chosen appropriate strategies" to make sure revenues continue to flow, despite the iron-ore sourcing problems faced by it. JSW Steel is expected to meet its production aims again, despite raw material sourcing problems, which will in due course result in a run up in the stock price.
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