“Domestic steel companies like JSW Steel are expected to continue performing well due to the recovery in prices on the London Metal Exchange (LME) and the expected increase in demand from China in the next financial year. The steel industry is cyclical, but with infrastructure spending expected from the government and the growth in realizations for ferrous players, these companies can benefit. Cement and road construction companies, such as UltraTech and Dalmia Bharat, are also worth watching due to their strong earnings growth potential.”
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