These 9 steel stocks rallied over 50% in 2017 so far

Tata Steel, Jindal Stainless, Kalyani Steel, Jindal Saw and JSPL have rallied more than 50%

Shares of steel companies are on a roll with nine companies include Tata Steel, Jindal Stainless Hisar, Welspun Corp, Kalyani Steel, Jindal Saw, Maharashtra Seamless and APL Apollo having rallied over 50% so far in the calendar year 2017.

Jindal Steel & Power (JSPL) and Jindal Stainless have seen their market value more than doubled on improved financial performance.

The financial results of eight of the companies that have been announced as of now, have posted a combined net profit of Rs 9 crore in last six months (January-June, 2017). These companies had posted an aggregate net loss