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Tata, Jindal Steel Among Top Metal Picks For Axis Securities' Aditya Welekar

  • Tata Steel Ltd. and Jindal Steel & Power Ltd. are the top picks among metal sector stocks for Aditya Welekar.
  • Welekar sees potential for further valuation in Tata Steel and Jindal Steel and Power, while SAIL and JSW Steel's valuations are considered almost full.
  • Amid global uncertainties, Welekar is optimistic about Vedanta due to factors like aluminium LME prices, silver prices, and oil prices benefiting the company.
  • Positive outlook for steel companies in Q1 expected with margin expansion due to safeguard duty and lower coking coal prices; production cuts in China and government decisions on safeguard duty extension will influence Indian steel stocks.

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