Pipe makers poised for gains as demand revives after a lull in India & overseas
Stocks of pipe makers such as Jindal Saw, Maharashtra Seamless, Ratnamani Metals, and Welspun Corp, among others, are likely to gain in the mid-to-long term as analysts expect demand revival after four years of struggle. Besides strong domestic demand for water and oil grid pipelines, analysts expect robust orders from the European Union (EU) and the Middle East & North Africa (MENA) region as well.