Tata Steel to SAIL: Experts recommend 'buy' on these metal stocks

Experts said that in the last quarter, debt of the metal companies have gone down and hence once the unlock activity accelerates, metal stocks are expected to outperform other sectors. (REUTERS) — Experts said that in the last quarter, debt of the metal companies have gone down and hence once the unlock activity accelerates, metal stocks are expected to outperform other sectors. **(REUTERS)**

1 min read . Updated: 01 Jun 2021, 08:20 AM IST Asit Manohar

Metal stocks are available at attractive valuations and one can buy shares like SAIL, Tata Steel and JSW Steel for the immediate short-term time horizon, say experts

Stocks to buy today: Amid Indian indices trading at record high, stock market experts have recommended investors to look at metal stocks to maximise their gains in this bull run at Dalal Street. They said that metal stocks are available at attractive valuations and one can buy shares like SAIL, Tata Steel and JSW Steel for the immediate short-term time horizon.

Speaking on the fundamentals supporting metal stocks Ravi Singhal, Chairman at GCL Securities said, "As unlock activities are taking place in India, demand for metals, especially steel is expected to rise. In overseas markets too, metal prices have gone up that is also supportive for the metal stocks as they are available at attractive valuations after the COVID-hit selloff." He said that in the last quarter, debt of the metal companies have gone down and hence once the unlock activity accelerates, metal stocks are expected to outperform other sectors.