Jefferies prefers Coal India, Hindalco; shares gain

TISC Co

10/04/2024 08:14

** Shares of JSW Steel  JSTL.NS , Hindalco  HALC.NS  up 0.7%
and 1.7%, respectively, Tata Steel  TISC.NS  down 0.2%
    ** Nifty metals index  .NIFTYMET  up 1.3% to record high for
second straight session amid global metals rally  MET/L  
    ** Coal India  COAL.NS  up 2.5% to be among top gainers on
Nifty energy index  .NIFTYENR , which is up 1%; brokerage
Jefferies prefers COAL followed by HALC among other stocks
    ** Jefferies prefers aluminium and copper over other
commodities in near-term
    ** Expects higher demand, tight supply to lend strength to
commodities' prices 
    ** Raises PT on JSTL, HALC, TISC, keeps PT on COAL unchanged
- PTs at Street highs, per LSEG data
    ** TISC, COAL up ~19% and 20% YTD, respectively, while HALC
and JSTL down 2.7% and 0.3% 
    

 (Reporting by Hritam Mukherjee and Manvi Pant in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))