Sail - Downgrade to HOLD Amidst Weak Steel Prices and Rising Debt
Spreads to contract in Q2FY25: Blended coking coal consumption cost fell to Rs 23,000/t in Q1 and will be flat QoQ in Q2.
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Metals - Q1FY25 Earnings Preview
For Steel companies under our coverage, EBITDA/t is expected to increase on a YoY basis, led by higher metal sales volumes YoY and lower coking...
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#7 India Insights: Weaker Modi Mandate, Plunging PSUs, Tata Steel Credit Profile, Reliance, Airtel
Weaker Modi & BJP mandate leads to plunge in PSUs and state-owned bank shares, while Tata Steel, Bharti Airtel, and Reliance Industries see credit...
436 Views
Top Sector Ideas - Metals and Mining Q4FY24
Overall consolidated revenue stood largely inline (flat YoY, up 6% QoQ), while reported EBITDA grew by 24%/14% YoY/QoQ (10% beat vs. our estimates)
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Steel Authority of India - Decent Q4FY24, Input Costs Remain Benign
Volume guidance: In FY25, steel production guidance is 20+ MT (18.4 MT in FY24) and sales volume target is 19 MT (17 MT in FY24).
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