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Deutsche Bank and CLSA see acche din for the steel sector

Deutsche Bank and CLSA see acche din for the steel sector

Saturday, April 15, 2017, 3:30 PM

Bank see good days for steel-sector going ahead owing to a combination of factors such as improvement in asset utilisation, regulatory support against imports and improving cash-flows. Deutsche Bank expects return on equity of the steel sector to improve by 600 basis points between FY17 and FY19, and it has raised-target prices on Tata Steel, JSW Steel, Steel Authority of India and Jindal Steel by 5-28%.
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