In the past one month, the stock price of Hindustan Zinc, Nalco, Vedanta, Hindalco Industries and SAIL have rallied between 15% and 32%.
Hindustan Copper share price rose 3.04 per cent to log an intraday high of ₹534.1 per share on the NSE during the intraday trade early on Thursday
Force Motors topped the chart, emerging as the biggest wealth creator of the year with a 191 per cent gain. The stock delivered the highest return among all Nifty500 constituents.
Devarsh Vakil, Head of Prime Research at HDFC Securities reckons that investors should wait for a 10-15 per cent price correction in Hindustan Copper and Hindustan Zinc.
At 09:55 AM; Nifty Metal index, the top gainer among sectoral indices on Monday, was up 1.5 per cent, as compared to 0.08 per cent rise in the Nifty 50.
The counter rose 7 per cent to ₹436.50, the highest level since November 12, 2010, on the National Stock Exchange, according to data on Bloomberg
Metal stocks in demand: Analysts expect non-ferrous players to witness margin expansion in Q3 with LME prices continuing an uptrend compared to Q2.
Among other metal shares, GMDC soared 7 per cent, while NALCO gained 4 per cent and was seen trading near its life-time in trades on Friday.