Jefferies has identified Coal India, Hindalco, Tata Steels, and JSW Steel as its top picks in the metal sector. After navigating a challenging fiscal year 2023, Jefferies adopts a cautiously optimistic stance for 2024, anticipating a positive shift in the macroeconomic backdrop.
The report says a positive outlook for the metals sector, foreseeing a growth trajectory with a projected 6-15% Compound Annual Growth Rate (CAGR) in volumes over the fiscal years 2024-2026 for key players including Coal India, Tata Steel, and JSW Steel.
