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Wednesday, Jul 05, 2006


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Steel stocks betting on numbers

Shares of steel companies have been on the rise of late on expectation of robust numbers for the first quarter of current year , say marketmen.

According to analysts, given the periodic hike in steel prices, steel companies such as SAIL, TISCO and JSW are looking at 30-40 per cent earnings growth this year.

With the stocks trading at less than five times, valuations look attractive, market sources said.

Deeptha Rajkumar

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PNB Philip Kotler

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