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Nomura maintains ‘Buy’ on 4 Indian steel stocks; Sees up to 14% upside potential

Posted on May 28, 2026
By Financial Express
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1 min read

Nomura maintains ‘Buy’ on 4 Indian steel stocks; Sees up to 14% upside potential

Nomura maintains ‘Buy’ ratings on Tata Steel, JSW Steel, Jindal Steel and Lloyds Metals amid rising concerns over China’s coal supply disruptions. Here’s why the brokerage remains positive on select Indian metal stocks.