Shares of steel companies may remain positive but cement, coal and electricity are likely to come under pressure following announcement of core industries’ growth numbers on Monday. Cement production declined 5.8 per cent while coal output plunged 6.7 per cent in the month of June over the year-ago period. Shares of ACC, UltraTech, India Cements, and Coal India could come under pressure, while SAIL, and Tata Steel may shine on the bourses.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.