Steel Stocks Rise on Demand, Infrastructure Expansion

India's steel industry is expected to grow quickly because the government is building more infrastructure.

A brokerage, Axis Securities, thinks steel companies like JSW Steel and Jindal Steel will do well.

They raised the prices they think these stocks are worth.

India uses less steel per person than other countries, so there's a lot of room for growth.

The government is also protecting the steel industry from cheaper imports.

This should help the steel companies make more money and invest in expanding.

Even though targets were raised, some stocks like SAIL and Tata Steel indicate a downside based on their current trading levels.