As Samvat 2083 begins, investors are looking for stock market opportunities that could deliver attractive returns over the coming year. Metal stocks are attracting attention, with market experts expressing optimism about companies such as JSW Steel, Tata Steel, NMDC and Welspun Corp.
The positive outlook is supported by expectations of stronger global demand, rising infrastructure investment and improving manufacturing activity in several regions. These developments could create favourable conditions for metal companies and support their business growth and earnings.
However, experts believe investors should select stocks according to their financial goals, investment horizon and risk appetite.
Why Are Metal Stocks in Focus in Samvat 2083?
Improving global market sentiment has brought metal companies into the spotlight. Easing tensions in West Asia and a decline in crude oil prices have helped improve investor confidence. Brent crude falling below $100 per barrel has also supported market sentiment.
At the same time, manufacturing and infrastructure activities are expected to increase in China and several countries across Asia, Africa and Latin America.
Higher infrastructure spending could generate additional demand for steel and other industrial metals. This may benefit metal producers through stronger business activity and improved earnings prospects.
Which Metal Stocks Should Investors Consider?
Investment expert Avinash Gorakshakkar believes investors should select metal companies based on their individual investment objectives.
Here is how the four companies fit into different investment strategies:
NMDC: Investors looking for dividend income alongside potential share price appreciation can consider keeping NMDC on their watchlist. The company is known among the higher-dividend-paying companies.
JSW Steel and Tata Steel: These companies may interest investors seeking long-term portfolio growth. Their capacity expansion plans and position in the steel industry could support their long-term prospects.
Welspun Corp: This stock may appeal to investors interested in midcap opportunities and looking for comparatively higher return potential.
JSW Steel Share Price Target: Can the Stock Reach ₹1,400?
Market expert Anuj Gupta has identified JSW Steel as his preferred metal sector stock for Samvat 2083. He believes the company’s strong market position, operational performance and increasing demand from India’s infrastructure sector make it an attractive long-term investment candidate.
According to Mahesh M. Ojha, Vice President of Research and Business Development at KC Securities, JSW Steel has an important support level at ₹1,324, while resistance is placed at ₹1,376.
If the stock moves above the resistance level, it could potentially advance towards ₹1,400.
Existing shareholders have been advised to hold their positions with a stop-loss of ₹1,324. New investors may also consider the stock for a target price of ₹1,400, keeping the same stop-loss level.
NMDC Share Price Target: Experts See Potential Upside to ₹78
NMDC is another metal sector stock attracting attention, particularly among investors interested in dividend income and relatively stable earnings.
Experts believe that holding NMDC alongside JSW Steel could help investors diversify their exposure within the metal sector.
According to Mahesh Ojha, NMDC shares have strong support at ₹68. Existing investors have been advised to continue holding the stock with a stop-loss of ₹68.
For new investors, the expert has suggested keeping NMDC on their watchlist, with a potential target price of ₹78.
With improving expectations for infrastructure investment and metal demand, JSW Steel and NMDC remain among the stocks that market experts are watching closely in Samvat 2083.
Disclaimer
This article is published for general informational and educational purposes only. The stock recommendations, price targets, support levels and resistance levels mentioned are based on expert views provided in the source material and are not guaranteed returns. Stock market investments are subject to market risks. Readers should conduct their own research and consult a SEBI-registered investment adviser before making any investment decisions. This website does not provide personalised investment advice and is not affiliated with the companies mentioned.