Steel Stocks

Tata Steel shares rose 1.2% to ₹182.20 on January 1, marking a four-day rally of 8%. This surge follows the Indian government's extension of import duties on steel, aimed at curbing cheap imports, particularly from China.

In the final session of 2025, the Indian stock market saw gains led by oil & gas and metals, with the Nifty 50 up 0.78% and Sensex up 0.64%. Both indices rose 10% for the year, though midcaps and small caps performed unevenly.

Key metal stocks including National Aluminium, Tata Steel, and Jindal Stainless saw gains on October 3, with the Nifty Metal index reaching a record high. Factors like a weakening US dollar, potential EU steel tariffs, and rising demand are driving the rally.

Given the strong volume growth outlook and improved margin visibility, Axis has raised its target EV/EBITDA valuations for all steel companies under its coverage to a 10% premium over the past 10-year average.

Morgan Stanley expects select steel stocks to outperform the broader India Materials sector over the next few months. The brokerage upgraded its ratings on JSW Steel, Tata Steel, and SAIL, while maintaining an Equalweight stance on Jindal Steel & Power.

Stock Market Today: Tata Steel, JSW Steel, JSPL, SAIL shares gained up to 6% during the intraday trades on Wednesday. What's driving the rally in steel stocks explained with 4 key reasons

Tata Steel, JSW Steel, SAIL, and JSPL shares rose up to 3% after a safeguard duty on steel imports was recommended for three years. The 12% duty aims to protect domestic manufacturers from increased imports, following a probe by the DGTR that highlighted serious injury to local producers.

Sambhv Steel Tubes will launch its IPO from June 25 to June 27, targeting ₹540 crore at a price range of ₹77-82 per share. The company focuses on manufacturing ERW steel pipes and aims to enhance its production capabilities.