Shares of steel companies were trading higher in an otherwise subdued market in early morning trade on the expectations of a revival in consumption during the current financial year 2017-18.
Tata Steel, JSW Steel, Jindal Steel & Power (JSPL) and Steel Authority of India (SAIL), among the large cap stocks, were trading higher in the range of 2% to 4% on the BSE, as compared to a marginal 0.05% decline in the S&P BSE Sensex.
Bhushan Steel, Man Industries, Uttam Galva, Kalyani Steels, Pennar Industries and Adhunik Industries were up between 1% and 5%.
On a y-o-y
Tata Steel, JSW Steel, Jindal Steel & Power (JSPL) and Steel Authority of India (SAIL), among the large cap stocks, were trading higher in the range of 2% to 4% on the BSE, as compared to a marginal 0.05% decline in the S&P BSE Sensex.
Bhushan Steel, Man Industries, Uttam Galva, Kalyani Steels, Pennar Industries and Adhunik Industries were up between 1% and 5%.
On a y-o-y