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JSPL, Hindalco, Jindal Stainless — Anand Rathi's Top Stock Picks In Metals & Mining Sector; Q1 Results Preview

Metals and Mining Q1 Results Preview: Anand Rathi is positive on Jindal Steel, Hindalco Industries, Jindal Stainless - Here's Why

<div class="paragraphs"><p>In Q1 FY26 primary long steel prices commanded an 8% premium to HRC and hit a high of Rs 57,200 a tonne.</p><p> (Source: pxhere.com)</p></div>
In Q1 FY26 primary long steel prices commanded an 8% premium to HRC and hit a high of Rs 57,200 a tonne.

(Source: pxhere.com)

Of the four listed tier-I ferrous mills we cover, Anand Rathi anticipates Jindal Steel and Power Ltd. outdoing the sector, with Rs 13,214 Ebitda/tonne and sector-leading ~20.6% Ebitda margins. However, Jindal Stainless Ltd.’s Ebitda is expected to have improved the most QoQ (30%) to Rs 11,066/tonne.
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