Are you looking for the best steel stocks to Buy in India ??

Do you know that we have tremendous opportunities in the steel sector?

Here the first question is why should I invest in the steel sector?

Ask the question yourself before picking the stocks.

As we know India is a developing country and construction is increasing day by day in the form of roads, buildings, metros, houses, and other infrastructures.

Steel is an inevitable construction material and it has different forms and different usages when coming to the construction sector.

Besides the construction, steel is an unavoidable raw material for automobile products such as cars and buses.

Nowadays most of the new cars are made up of Advanced High -Strength Steels(AHSS) and automobile products and their sales are going to increase in the future.

Not only in construction and automobile fields but other fields such as tools, electrical equipment also using steel as a raw material.

That is why I prefer to invest in the best steel stocks.

Here I have a list of 5  best steel companies to invest in for you, After the covid-19 Pandemic economy has energized and most of the postponed constructions are restarted. 

Investing in steel stocks is a wise opinion at this time, it will give good returns in the coming years 
I have a list of the best steel stocks in India and also I've written a detailed blog about each stock.

You can learn about the best steel stocks  at https://mystockmate.com/five-best-steel-stocks-to-buy-in-india-you/

I have  some other stock market-related articles in my blog you can refer to them here 
https://mystockmate.com/test/

Jindal Stainless Ltd is one of the largest manufacturers of stainless steel flat products with a capacity of one million tonnes per annum. 

The company focused on the production of Austenitic, Ferritic, martensitic, and duplex grades in India and the products commonly used in the industries like automobile railways, construction, and many more.

The company’s offerings include Ferro chrome, Ferro manganese, high carbon silico manganese, medium carbon silico manganese and low carbon silico manganese. Besides that its stainless-steel division offers slabs, Hot Rolled Coil, Hot Rolled Annealed and pickled(HRAP) coil/2E coil, Cold Rolled Coil, Plates, etc…

The company has a capacity of 250000 tones per annum for the Ferro  Alloy division and the company focused on developing captive coal mines for raw material requirements. It offers various grades of products include 200 series, 300 series, and duplex series. The company established its market presence in approximately 60 countries over the globe.

The Company has owned the Golden Peacock Award for energy efficiency 2021, the Winner of large-scale deployment of the energy-efficient motor in Energy circle competition 2021, National energy management platinum award 2020(Iron&Steel sector), Greentech environment award, and many more.

This Mid-cap company has a market capitalization of INR 9,291Cr. 

• The company has reduced debt.

• The stock has been maintaining ROE of 14.16% and ROCE of 16.51%.

• The company has made a profit of INR419Cr. In the 2020-2021 Fiscal year.

• The stock has returned 178.35%   in last year and 477.39% over the past three years.

If you are looking for one of the best Midcap steel stocks, then this is one of the best steel stocks and you can consider Jindal Stainless Ltd as one of the best steel stocks to buy in India.

Happy Investing!!

Hope these best steel stocks make your P&L green!!

Wish you all the profitable investment journey….!!

Disclaimer

The Content Presented here is for the purpose of providing information and education. Please conduct your own analysis before making any investments.