Neutral impactResults
Metal stocks to buy ahead of Q2 results: Nuvama picks Coal India, Tata Steel; Jindal Steel an underperformer |Here’s why
Mint 50 min ago·7 Oct 2026, 8:52 am
Jindal Steel & Power is facing headwinds as analysts predict a challenging second quarter. The brokerage firm Nuvama has downgraded the stock to an 'underperform' rating, citing a likely decline in earnings before interest, taxes, depreciation, and amortization (EBITDA) per tonne. This drop is attributed to rising input costs for steel companies, which are expected to outpace the selling prices they can command in the market.
For investors, this downgrade signals that the stock may struggle to deliver strong returns in the near term. The broader steel sector is expected to see mixed results, with some peers like Coal India and Tata Steel receiving positive attention. Jindal Steel's performance will hinge on its ability to manage these cost pressures effectively.
Moving forward, investors should monitor the company's upcoming quarterly results for clarity on its cost management strategies. Keeping an eye on global steel prices and raw material costs will also be crucial to understanding the stock's future trajectory.
Excerpt from Mint
Metal stocks show mixed Q2 FY27 performance expectations. Coal India and Tata Steel are favored, while Jindal Steel may underperform. EBITDA per tonne for steel companies is projected to decline due to higher costs and lower realizations. Coal India expected to see 22% YoY EBITDA growth. Metal stocks are likely to…Read the original at Mint
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Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Jindal Steel (JINDALSTEL).
- Category: Results.
- Assessed as a significant, market-relevant update.
- Also mentions COALINDIA, TATASTEEL.
Why it matters
A meaningful update for Jindal Steel worth tracking. Use the price and stock snapshot to gauge how the market is responding.
