Indian metal stocks rise as Nomura bullish on sector

** Metal stocks NSE:CNXMETAL up 1%, set for fourth consecutive day of gains, as Nomura reiterates bullish stance on India's steel sector citing sustained domestic, global tailwinds

** Nomura notes China's anti-involution policies to cut production 9% y/y in rest of 2025

** While demand remains tepid in China and exports still remain at record levels, aggressive production cuts should provide some support - Nomura

** Maintans "buy" and raises PT for JSW Steel NSE:JSWSTEEL to 1,300 rupees from 1,220 rupees and Jindal Steel NSE:JINDALSTEL to 1,150 rupees from 1,080 rupees

** Both up almost 2.5% on Tuesday

** Motilal Oswal says Tata Steel's NSE:TATASTEEL Indian capacity expansion and European ops restructuring support earnings growth despite near-term global challenges

** Keeps "neutral" on TISC, 180 rupees PT; stock up almost 1%

** YTD, subindex up 16%, JSW and TISC gain 25%, JINT up 11%