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

(This article was published in the Business Line print edition dated July 5, 2006)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.