Metals Q2 Results Preview - A Challenging Quarter For Ferrous: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Q2 FY25 was a lacklustre quarter for ferrous companies, mainly due to prices coming off owing to import pressure. Key points:Realisation for ferrous companies was down Rs 2,800–3,200/tonne QoQ with longs prices falling more than flats. Lower iron ore and coking coal prices did ameliorate the impact of realisation dip.Non-ferrous companies are likely to fare better as price movement was mixed and volumes stable.Mining companies likely to report earnings decline QoQ. .Going ahead, we expect spreads for ferrous to improve, as benefits of lower coking coal prices flow progressively into the P&L and steel prices seem to have stabilised. We remain positive on ferrous with Jindal Stainless (target price: Rs 955), Jindal Steel & Power (target price: Rs 1,240) and JSW Steel (target price: Rs 1,140) – all Buys – as our key picks..Click on the attachment to read the full report:.Housing Finance Companies Q2 Results Preview - Better Quarter With Pick-Up In Disbursals, NIM: PL Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Metals Q2 Results Preview - A Challenging Quarter For Ferrous: ICICI Securities

Non-ferrous companies are likely to fare better as price movement was mixed and volumes stable, says the brokerage.

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Metals Q2 Results Preview - A Challenging Quarter For Ferrous: ICICI Securities

Non-ferrous companies are likely to fare better as price movement was mixed and volumes stable, says the brokerage.

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