After the encouragement given to the Chinese stock market for the last two months, the Indian market is witnessing a huge decline. Heavy outflow has been recorded from foreign investors in October.
In the last two years, the Chinese government has made four main efforts to bring the economy back on track.
From small measures like allowing select banks to maintain a low cash reserve ratio, to cutting all rates, promoting real estate, and other measures – all kinds of things have been tried.
At the same time, looking at the condition of the Indian market, experts have given their suggestions on some stocks of the metal category, which are likely to register a growth of 36 percent in the coming time.
Jindal Steel & Power
The latest average score of Jindal Steel & Power is 10, on which 25 market experts have given a buy rating. They jointly say that this stock is likely to grow by more than 36 percent.
During the last year, this stock has given investors a profit of 52 percent. Talking about its market price, it is Rs 95,485 crore.
Tata Steel
After this, the latest average score of Tata Group’s giant company Tata Steel is 7. 29 market experts have advised to hold this stock.
He said that this stock also has the potential to give more than 36 percent profit to its investors during a year. Its return increased by more than 25% in the previous year. The company’s market capitalization is ₹ 1,90,112 crore.
Hindalco
At the same time, the current average score of Aditya Birla Group company Hindalco is 10. 24 analysts have given a buy rating on it. They have expressed hope that it can increase by more than 34 percent in a period of one year.
In the last 12 months, this metal stock has given more than 40 percent profit to its investors. The current capitalization for this company is Rs 1,56,755 crore.
Quick Fact
| Jindal Steel & Power | Details |
|---|---|
| Average score | 10 |
| Market experts | 25 |
| Expert advice | Buy |
| Possible growth | Over 36% |
| Past profit | 52% |
| Market capitalization | ₹95,485 crore |
| Tata Steel | Details |
|---|---|
| Average score | 7 |
| Market experts | 29 |
| Expert advice | Hold |
| Possible growth | Over 36% |
| Past profit | 25% |
| Market capitalization | ₹1,90,112 crore |
| Hindalco | Details |
|---|---|
| Average score | 10 |
| Market experts | 24 |
| Expert advice | Buy |
| Possible growth | Over 34% |
| Past profit | 40% |
| Market capitalization | ₹1,56,755 crore |
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