Vedanta, JSPL, Tata Steel, SAIL: How to trade metal stocks as prices rise

The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.

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Metal stocks

Avdhut Bagkar Mumbai
The NSE Nifty Metal Index hit a new 52-week high of 6,415.50 on Wednesday so far. Among the metal stocks, Vedanta hogs the limelight, as the stock hovers around its all-time mark of Rs 416 touched on March 22, 2022.

Jindal Steel too trades on a strong note, and is just shy from its 52-week high of Rs 501.70. Other major shares like Tata Steel and Steel Authority of India seem poised for a decent upside.

ALSO READ: Fallout of Russia-Ukraine war: Metal users, producers feel price pinch

Whenever an instrument records a fresh 52-week high,

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First Published: Mar 23 2022 | 1:00 PM IST

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