<ul><li>For Q4 FY25, ICICI Securities believes that four stocks are likely to be in focus with better earnings growth compared to peers on margin revival.</li><li>Investors are looking beyond Q4 FY25, as tariffs take the limelight. ICICI Securities believe, companies with business models focused on the local market – Shyam Metalics, APL Apollo and JSW Steel – should fare better.</li><li>While its medium-term view on non-ferrous is positive, the stocks may relatively fall short – owing to their higher linkage to the global trade and LME prices.</li><li>ICICI Securities predicts that tariffs will test the mettle of the metals sector, and suggests APL Apollo as one of the top picks.</li></ul>

Metals Q4 Results Preview: Tariffs To Test Sector’s Mettle, Says ICICI Securities, APL Apollo Among Top Picks

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