Why JPMorgan is bullish on this Indian metal stock, sees over 58% upside
The global brokerage has overweight tag on the Indian metal stock
While steel prices in India have corrected sharply to ₹60- ₹61k/t, domestic demand has also recovered sharply as consumer de-stocking is behind us. Analysts at JPMorgan do not see further declines in the domestic steel market.
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