China's Property Boost Sparks Hope: Indian Steel Stocks Set for Surge? Nomura Issues Buy Ratings!

Overview

Japanese brokerage Nomura suggests China's potential property sector support measures could benefit Indian steelmakers. Despite China's economic slowdown, favorable demand indicators persist for Indian steel. Nomura maintains 'Buy' ratings on Tata Steel, JSW Steel, and Jindal Steel, citing stable domestic demand and global supply tightening.