At 10:21 AM on Wednesday, the Nifty Metal index was the top gainer among the sectoral indices up 2 per cent, as compared to 0.23 per cent decline in the Nifty 50
Traditionally, Q4 is seasonally strong for volume push, and thus, analysts expect most steel companies to foresee very sharp reversal in margins in Q4FY26.
Stocks to watch on January 12, 2026: Stocks like TCS, HCL Technologies, Anand Rathi Wealth, and Infibeam Avenues will remain in focus as they will release their quarterly earnings today.
However, in the past one month, the Nifty Metal index has rallied 10 per cent, as against 0.17 per cent rise in the Nifty 50.
In the past one month, the stock price of Hindustan Zinc, Nalco, Vedanta, Hindalco Industries and SAIL have rallied between 15% and 32%.
Stocks to watch on Monday, January 5, 2026: At around 7:10 AM, GIFT Nifty futures were up 79.1 points at 26,534.5, signaling a strong start for the bourses.
Mining giant Vedanta Ltd on Saturday said it has reported a rise in production of aluminium, zinc and iron ore during the December quarter. However, production of steel, and oil and gas dropped during the third quarter of the current fiscal year. The company's total aluminium production during the quarter rose marginally by 1 per cent, mined metal production at Zinc India increased 4 per cent, and mined metal production at Zinc International rose 28 per cent. In the oil and gas segment, Vedanta's average daily gross operated production dropped 15 per cent during the quarter to 84,900 barrels of oil equivalent per day (boepd). The production of saleable iron ore rose 3 per cent to 1.6 million tonnes during the quarter. The quarterly saleable ore production was "up 3 per cent YoY and 49 per cent Q-o-Q with improved operational efficiencies", Vedanta said in a filing to the BSE. The saleable steel production during the quarter declined marginally by 1 per cent, the filing said. Ved
Vedanta said it was declared the successful bidder for the Depo Graphite-Vanadium Block under the Critical Mineral Auctions Tranche IV conducted by the Ministry of Mines
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.
Among others - Ashok Leyland, India Cements, Laurus Labs, Federal Bank, Shriram Finance, Hindalco, Vedanta and NALCO shares were also trading at life-time highs in Monday's trading session.
Metal stocks in demand: Analysts expect non-ferrous players to witness margin expansion in Q3 with LME prices continuing an uptrend compared to Q2.
Vedanta share: At current spot prices, Emkay estimates FY27 Ebitda of about ₹25,800 cr, compared with consensus estimates of ₹22,000 cr, implying an upgrade potential of roughly 17 per cent.
Vedanta plans to complete its demerger into five listed pure-play companies by March 2026, with its ₹48,000 crore debt allocated based on cash flows, said chairman Anil Agarwal
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Brokerages believe Vedanta's demerger represents a value unlocking event with high growth Aluminium and Power business expected to command better valuations.
After clearance at the first motion stage, SEPCO moved an intervention application relating to disputes with Talwandi Sabo Power Limited
The ruling clears way for Vedanta's vast operations to split into five separate units, of which four will focus on aluminum, power, oil & gas, and iron ore, respectively
Analysts remain positive on Vedanta given the robust non-ferrous prices, strategic expansion at aluminium and zinc India, controlled leverage on B/S, return ratios >20%, dividend yield of 6%.
Vedanta shares rose 2 per cent after the company won the Genjana nickel, chromium and PGE block in the latest critical minerals auction
Vedanta Chairman Anil Agarwal said the latest investment will be used for the establishment of a zinc park to boost small and medium zinc manufacturing industries in the state