Goldman Sachs downgraded India's Hindalco and JSW Steel to neutral from buy, saying the stocks have limited upside potential from current levels.

Goldman Sachs in a note said that "While we continue to be structurally positive on the India metals and mining sector, especially steel, from a medium to long-term perspective, we believe that the recent outperformance has made the risk-reward less compelling than before.”

(Sourced from Reuters)