Edelweiss Securities recommends buying these metal stocks ahead of Q4 earnings
Updated : April 12, 2021 06:09 PM IST
The recent rally in metal stocks has been surprising. The latest developments in China, i.e. deep production cuts and the possibility of a reduction in steel exports are real and propping up sentiment and prices alike. Steel supply scarcity, constrained iron ore supply and China – continues to hold water and support prices. In light of the torrid rally, Edelweiss Securities have picked metal stocks with reasonable valuations, potential earnings surprises and deleveraging potential.