JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
PhillipCapital says the market jitters linked to the US–Israel–Iran conflict are a short-term overhang, largely because of risks from higher crude oil prices and potential energy supply disruptions. But the brokerage views the recent dip as a buy-on-corrections opportunity for long-term investors, backed by India’s relatively strong domestic growth outlook.
For portfolio strategy, PhillipCapital prefers mid and large caps and selective quality small caps, and remains positive on themes like capital goods, defence, metals, autos and cement, while turning incrementally constructive on banks and FMCG. In metals, Tata Steel and Hindalco feature among its preferred names—keeping steel and metal stocks in focus even amid geopolitical volatility.
On the broader market view, the brokerage has maintained a Nifty target of 26,500–27,500 by March 2027, indicating confidence that fundamentals can outlast near-term uncertainty.
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