Indian metal stocks are performing strongly. Prices for steel and non-ferrous metals have risen significantly. This is due to increased demand, government policies, and limited supply. Steel companies are seeing better earnings. Non-ferrous producers also benefit from global price trends and a weaker rupee. The current quarter is typically strong for metal volumes.
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India Inc.’s third-quarter earnings show a steady performance with easing operating pressures, suggesting improving earnings visibility. While domestic consumption remains a preferred theme, caution persists