Nuvama favors Coal India and Tata Steel before Q2 results
In short
Nuvama has picked Coal India and Tata Steel ahead of Q2 results, and it sees Jindal Steel as likely to underperform. The report says Coal India could post 22% year-on-year EBITDA growth.
This matters for metal investors because the note expects weaker steel margins from higher costs and lower realizations, but it does not give target prices or the final results.
What the reporting says
Nuvama picked Coal India and Tata Steel ahead of Q2 results, while calling Jindal Steel an underperformer, according to a publisher summary. The note says metal stocks show mixed expectations, with steel EBITDA per tonne projected to decline because of higher costs and lower realizations. Coal India is expected to see 22% year-on-year EBITDA growth, but the reporting does not give price targets or earnings dates.
Why it matters
Nuvama's pre-Q2 note favors Coal India and Tata Steel while flagging Jindal Steel as an underperformer. The publisher summary says steel EBITDA per tonne may fall because of higher costs and lower realizations, while Coal India is expected to deliver 22% year-on-year EBITDA growth. The report does not state earnings dates, price targets or actual quarterly results.