Nomura said Indian steel mills cut HRC (hot rolled coil) prices for August by ₹3,500 per tonne to ₹58,500 from the previous month and CRC (cold rolled coil) by ₹2,500 per tonne to ₹66,000. The government in May had slapped an export duty of 15% on various steel products and imposed a 45% duty on iron ore pellets to rein in the prices.
ITC, HAL, UltraTech Cement among 37 stock picks from Sharekhan after Budget 2024
Following the Union Budget for 2024-25, brokerage firm Sharekhan has expressed optimism about several stocks across large, mid, and small-cap segments. According to its analysis,