Steelmakers are poised for a profit increase in the fiscal first quarter, driven by rebounding domestic steel prices and lower coking coal costs, despite an anticipated sales volume decline. Conversely, non-ferrous metal producers face a challenging quarter with projected revenue and EBITDA declines due to weaker commodity prices and softer volumes.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and