 "Metal & mining stocks big laggard on bourses over the long term")
Metal and mining stocks have been star performers on the bourses so far in calendar year 2021 (CY21). The S&P BSE Metal index, which tracks the market capitalisation of the sector’s top 10 firms, has risen 39 per cent since January, against a 2 per cent rise in the benchmark BSE Sensex.
The industry’s superlative performance in the short-term, however, masks the fact that it has been a big laggard on the bourses over the long term. (See the adjoining charts)
Since January 2005, the BSE Metal index has risen just 164 per cent, against a 645 per cent rise in the
