Aditya Welekar from Axis Securities suggests that increasing the import duty on steel could positively impact Indian steel prices, though they would still remain higher than Chinese prices. Despite some price hikes by domestic mills, the outlook on steel stocks remains negative due to ongoing pressure from Chinese imports and falling raw material costs.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.
August 24, 2026