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Steel stocks in focus; JSW Steel hits 52-week high, Tata Steel surges 5%

Motilal Oswal Financial Services believes strong steel demand and prices in China, if it sustains, would be beneficial for steel prices in the region as well as India

Workers, steel products, export, cargo ship, China
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Workers, steel products, export, cargo ship, China

SI Reporter Mumbai
Shares of steel companies were in demand on Friday, ralling by up to 6 per cent on the BSE on expectation of demand recovery.

JSW Steel advanced 6 per cent to Rs 308, hitting a fresh 52-week high on the BSE. The stock surpassed its previous high of Rs 298 touched on October 9, 2020. Tata Steel, Jindal Steel and Power and Steel Authority of India (SAIL), on the other hand, were up 3 per cent to 6 per cent on the BSE. At 02:33 pm, the S&P BSE Metal index, the top gainer among sectoral indices, was up 3 per

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