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Why Indian Steel Stocks Didn’t Rebound As Much As Global Peers
Jindal Steel and Power was the only Indian steelmaker to rise in line with global peers.
17 Jun 2020, 02:34 PM IST
Shares of Indian steelmakers surged on hope of a revival in demand as the government started reopening the economy in phases after a stringent two-month national lockdown. Yet, they were outpaced by their global peers.Jindal Steel and Power Ltd., which returned gains of around 56% to investors in the last one month, was the only Indian steelmaker to rise in line with global peers, according to Bloomberg data. Global steel majors led ...
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