INSUBCONTINENT EXCLUSIVE:
Global financial services firm Citi has downgraded domestic steel players, saying falling steel prices, rising leverage and valuations make
Shares of Tata Steel and SAIL were trading 0.75 per cent and 2.26 per cent down at Rs 507.20 and Rs 51.80, respectively, at around 9.30 am
Shares of the company were trading 0.15 per cent down at Rs 304.70 at around the same time.
It expects steel prices to normalise in 2019 as
The BSE Metal index was trading 0.25 per cent down at 11,511 in morning trade
However, Hindalco (up 0.60 per cent), National Aluminium (up 0.55 per cent), Hindustan Zinc (up 0.15 per cent) and Vedanta (up 0.26 per
cent) were trading higher in the morning deals.
