Key constituents of Nifty Metal index, steel stocks face a challenging earnings season amid diverging domestic pricing trends and mounting global risks from China and tighter EU import restrictions.
The Nifty Metal index surged 2.5% led by Hindalco, NALCO and Hindustan Copper as aluminium prices rose over 5% from recent lows in July.
Stocks to watch today: TCS, Maruti Suzuki, JSW Steel, JK Tyre, Federal Bank, AU SFB, SAIL, Nalco, NLC India, Anand Rathi Wealth, JSW Steel, Cummins India, among others, will be in focus today
Stocks to watch today: TCS, SBI, Tata Steel, GMR Airports, M&M, HFCL, RIL, Fortis Healthcare, JSW Infra, Swiggy, Pidilite, Shree Cement, among others, will be in focus today
Analysts at Axis Securities believe Nifty's strong June rollovers suggest a likely bullish conviction for the July series.
Aluminium remains is UBS' preferred sub-sector, that offers a mix of earnings growth (cyclical tailwinds), valuation support, and potential to deleverage.
In the past six trading days, the Nifty Metal index has underperformed the market by falling 6 per cent, as compared to 0.4 per cent decline in the Nifty 50.
Government review finds BHEL and SAIL falling short of the profitability threshold required for Maharatna status despite meeting turnover and net worth norms
Since April, the Nifty Metal index has zoomed 25 per cent, as against 7.2 per cent gain in Nifty 50.
In the past one month, the Nifty Midcap 100 index outperformed the market by gaining 3.4 per cent, as compared to 0.1 per cent decline in the Nifty 50.
SAIL plans to spend over Rs 35,000 crore over the next two years on capacity expansion projects at its IISCO, Bokaro and Bhilai steel plants
Rising production, ageing workforces, and rapid automation are pushing India's industrial companies towards leaner, productivity-driven workforce structures
SAIL share price today: SAIL said the company delivered a strong performance across all key metrics in FY 2025-26 (FY26), underscoring the robustness and resilience of its core business operations.
Stocks to Watch today, May 18, 2026: Tata Steel, Adani Ports, Coal India, SAIL, and Balrampur Chini are some of the key stocks to watch today
Ajit Mishra of Religare Broking expects SAIL to rally to ₹240, and Dixon Technologies past ₹13,000-mark; whereas, he cautions Kaynes Technology could crack to ₹2,500 if it breaks key support.
The average trading volumes at the counter jumped nearly three-fold with a combined 79.6 million shares changing hands on the NSE and BSE till 11:40 AM.
Ashok Kumar Panda has assumed charge as chairman and managing director of SAIL, with a focus on expansion, raw material security and value-added steel
Analysts at JM Financial Institutional Securities have pegged an upside target of ₹393 per share on BHEL; whereas Axis Securities expects SAIL to rally toward ₹200-mark.
Analysts believe SAIL is expected to deliver improved performance ahead, driven by safeguard duty-led steel price hikes, favourable demand tailwinds, and a focus on cost optimization.
The Nifty Metal index hit a new high of 12,816 in intra-day trade on Thursday and has bounced back 18% from its previous month low of 10,819.85 touched on March 23, 2026.