Widely read:
On a larger front………. Goldman Sachs & Co initiated coverage on the country's steel industry and gave it an “attractive” rating. The report said that the access to high-quality, low-cost iron ore reserves offers Indian steel companies an edge over regional and global peers. It also said that the robust steel prices will be sustained as demand momentum remains buoyant enabling global steel producers to pass on the costs from tight raw material and freight markets. HSBC Holdings Plc raised its ratings on India to “overweight” from “underweight” meaning that investors should hold more of the nation's stocks than the representation in the benchmark indices. The report stated that India offers the lowest earnings volatility in global emerging markets, a number of interesting structural growth stories like consumption, infrastructure, telecommunications and service ou
This article was originally published on September 15, 2007.
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