Coal India, Hindalco, Tata Steels remains the top picks of Jefferies in Metal sector
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.
