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new Delhi. Share Market: Brokerage firm ICICI Securities is bullish on steel companies. The brokerage firm believes that steel companies can do good business in the coming times. This is the reason why ICICI Securities has given buy rating to five metal stocks.
The brokerage firm has said in its note that further inflationary pressure will remain. Apart from this, due to the war between Russia and Ukraine, the supply of metals like steel, aluminum, zinc and nickel will also be hampered.
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Hindalco: Hindalco shares have been given a buy rating by ICICI. The brokerage believes that this stock can give good profits to the investors in the coming days. The target price of Hindalco’s share is given at Rs 700. On March 10, Hindalco’s share price was Rs 589.95 in intraday and it had gained 0.27 percent.
APL Apollo: ICICI Securities has also given a buy rating to APL Apollo Share. The target price of APL Apollo (APL Apollo Share Target Price) has been kept at Rs 1,100. The brokerage believes that this stock will give good returns to the investor.
Jindal Stainless : The third share is of Jindal Stainless, on which ICICI Securities is stuck. Jindal Stainless Share Target Price The brokerage firm has given Rs 252 for Jindal Stainless. On March 10, 2022, the share price of Jindal Stainless was Rs 180.90 in intraday. There was a fall of 1.44 per cent in this stock today.
Jindal Steel & Power : The brokerage firm has also given buy rating to Jindal Steel & Power Share. ICICI Securities has given a target price (Jindal Steel & Power Share Target Price) of Rs 618 for this stock. Jindal Steel & Power’s stock is up on 10 March. In intraday, this stock was trading at Rs 461.15 and it has gained 2.46 percent.
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Tata Steel : ICICI Securities has given a target price of Rs 1,700 to Tata Steel while giving a buy rating. On Thursday, the share rate of Tata Steel reached Rs 1,299.05 in intraday. Today it registered an increase of 3.51 percent.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first. Tech for FTCP is not responsible for any profit or loss caused by you. Will happen.)
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