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Should You Buy Steel Stocks Now Or Wait For A Dip? Insights For 2026

Should You Buy Steel Stocks Now Or Wait For A Dip? Insights For 2026

Aabha Bakaya
Aabha Bakaya
  • New Delhi,
  • Jan 4, 2026,
  • Updated Jan 4, 2026, 8:00 AM IST

Gaurav Sharma, Associate VP & Head of Research at Globe Capital, discussed the outlook for steel stocks following the government's imposition of a 12% safeguard duty on steel imports. He noted that major players like JSW Steel, Tata Steel, and Jindal Steel have performed exceptionally well. However, Sharma emphasized that selecting stocks has become challenging due to their strong rally. He recommended focusing on lesser-known names like GMDC and NMDC, which still offer upside potential. Sharma advised caution for fresh investments, suggesting that investors with gains should consider booking profits, as metal stocks may enter a consolidation phase in 2026.

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