Tata Steel, SAIL, Coal India, NALCO Share Price Targets: Axis Securities has shared its view on metals and mining sector stocks. The stocks under its coverage are Tata Steel SAIL, Coal India, Hindalco, NALCO and APL Apollo Tubes.
Tata Steel Share Price Target: BUY rating for Rs 220
Coal India Share Price Target: BUY rating for Rs 500
APL Apollo Tubes Share Price Target: BUY rating for Rs 2,250
SAIL Share Price Target: HOLD rating for Rs 160
Hindalco Share Price Target: HOLD rating for Rs 1,050
NALCO Share Price Target: HOLD rating for Rs 390
Axis Securities said that the Middle East war has caused disruptions in the Strait of Hormuz. This has impacted LNG, Propane, and LPG inflows, which has affected steel companies and those dependent on gas-based Direct Reduced Iron (DRI) and specialised downstream finishing processes.
Axis Securities said that integrated steel companies like Tata Steel and SAIL may see limited impact on upstream steel production.
Tata Steel Europe may see some impact of rising gas prices. However, the recent UK government’s decision could help TSUK's margins in the upcoming quarters.
Hindalco and NALCO could see some impact on thermal coal and other input cost inflation.
APL Apollo Tubes could see a consolidated production impact due to disruption at its Dubai facility.



