PL Recommends Top Pvt, PSU Metal Stocks To Buy, Accumulate, Sell; Max TP Rs 1017

Prabhudas Lilladher has recommended investors to buy 5 metal stocks showing potential to offer returns to traders. These stocks are NMDC, Hindalco Industries, Jindal Steel & Power, JSW Steel, and NALCO. "Non-ferrous metal prices improved 5-17% MoM post LME ban on Russian origin metals recently; which is expected to benefit 1HFY25 performance for domestic producers. We remain positive on Hindalco with TP of Rs 658, said PL. The analyst has picked Hindalco Industries, JSP, and JSTL as top picks from the metal sector.

According to the brokerage firm, "domestic steel demand remains stable amidst ongoing elections. Companies have taken some price hikes in Long products as secondary market prices have started inching up over last three weeks due to thermal coal scarcity. With HRC prices started moving up, we believe steel mills would attempt price hikes in coming months. With stable coking coal prices (USD230-250/t), global steel prices would remain stable aiding domestic companies. Recent higher spreads in China can however lead to uptick in steel production, exerting pressure on price." Given below are more details:

1. Buy Jindal Steel & Power Shares: Prabhudas Lilladher has recommended buy call to Jindal Steel & Power share with target price of Rs 980 per share. Last trading price of Jindal Steel & Power share on BSE is Rs 931.95 per share with intraday fall of 1.15%. The 52-week high price is quoted at Rs 946.00 per share and 52-week low price is Rs 503.00 apiece, respectively. The company's market cap stood at Rs 95,067.11 crore. Jindal Steel share gave return of 45% in last 6-months and surged 63% in last 1-year. In last 5-years, Jindal Steel stock soared 433%.

2. Sell NALCO Shares: The brokerage firm has issued sell call to NALCO with target price of Rs 141. PSU NALCO share last trading price is quoted at Rs 188.90 per share. The 52-week high price is Rs 192.05 per share and 52-week low price is Rs 79.17 per share, respectively. The company has a market capitalisation of Rs 34,693.97 crore. National Aluminium Co. Ltd share in the last 6-months zoomed 110% in last 6-months and soared 129% in last 1-year. In last 3-years, National Aluminium Co. Ltd shares surged 226%.

3. Buy Hindalco Industries Share: The analyst is bullish on Hindalco and assigned buy call with target price of Rs 658 per share. The last trading price of Hindalco Industries share on BSE is Rs 649.55 per share. The 52-week high price is quoted at Rs 661.30 per share and 52-week low price is Rs 398.00 per share, respectively. The company has a market capitalisation of Rs 1,45,967.95 crore. Hindalco Industries share offered return of 42% in last 6-months and soared 53% in last 1-year. In last 5-years, Hindalco Industries stock zoomed 223%.

4. Buy JSW Steel Share: The brokerage house has suggested investors to buy JSW Steel share with target price o Rs 1017 per share. Current market price of JSW Steel share on BSE is Rs 886.60 apiece. The 52-week high price is Rs 913.95 per share and 52-week low price is Rs 681.30 per share. The company's market cap is Rs 2,16,813.95 crore. In last 6-months, JSW Steel shares gave return of 22% and soared 22% in last 1-year. In last 5-years, JSW Steel shares gained 202%.

5. Accumulate NMDC Share: The analyst has given accumulate call to NMDC share with target price of Rs 253 apiece. Last trading price of the Navratna PSU NMDC Share on BSE is Rs 257.80 per share with intraday gain of 2.18%. The 52-week high price of NMDC Share on BSE is Rs 259.45 per share and 52-week low price is Rs 103.75 per share, respectively. The company's market cap is Rs 75,551.02 crore. NMDC Share offered stunning returns of 137% in last 1-year and 70% return in last 6-months.

Disclaimer: The stocks have been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.