Page 3 - Metal Sector

Sustained improvement in demand: A key factor for upsides in metal stocks

The outlook seems less grim but there is still a question-mark around sustainable improvement in demand

Hindalco Industries Q2FY24 results: Net profit flat at Rs 2,196 crore

The company beat street estimates on revenue but missed it on profit reported in the quarter under review

Foundry & forging units in West Bengal hit by global slowdown and war

The last of a three-part series on export slowdown is a report from the forging & foundry units in Howrah, to assess the losses and job cuts

Metal stocks buck the trend on China stimulus, BSE Metal index rises 0.85%

The world's second-largest economy consumes almost half of the global metals supply. As a result, China's economic outlook has a huge bearing on metal prices

Ramkrishna Forgings bags 8.25 million Euro order in South America

Home-grown Ramkrishna Forgings on Tuesday said it has bagged an order worth Euro 8.25 million, about Rs 73.65 crore, for the supply of equipment to a client in the South American market. The company will be supplying front and rear axle components for the next five years, it said in a statement. "This contract represents a significant step in our journey to expand and diversify our operations in the South American market," said Ramkrishna Forgings CFO Lalit Kumar Khetan. "We are honoured to be chosen for this partnership which signifies not only our prowess in providing high-quality components but also solidifies our commitment to fostering innovation and excellence in the automotive segment," he said. The Kolkata-based company is a leading supplier of rolled, forged, and machined products. It has formed a joint venture with Titagarh Railsystems to manufacture and supply 80,000 wheels to the Indian Railways. The company, which exports to over 50 countries, has a manufacturing faci

Hindustan Zinc Q1 results: Net profit down 36.5%, as revenue dips 23% YoY

The operating margin for the company's business also saw a downfall from 48 per cent in Q1FY23 to 35 per cent in Q1FY24

Vedanta explores refinancing, brand monetisation for timely debt repayments

To ensure enough funds, Vedanta Limited has increased the percentage of royalty from 2 to 3 per cent beginning this year

Tata Steel, JSL: Metals can soar up to 11% if index sustains above 6,041

Except Jindal Stainless, other metal stocks require to cross key barrier to rally forward

Hindalco Q4 results: Profit falls 48% to Rs 832 cr, Rs 3 dividend declared

During the quarter, the company's revenue from operations rose to Rs 19,995 crore from Rs 18,969 crore in Q4FY22

Global growth in green technologies seen driving demand for silver

Investors who can tolerate its higher volatility may include it within their precious metal allocation

Earnings of primary base metal players to remain weak in near-term: Icra

The earnings of primary base metal industry is expected to remain weak in the near-term, mainly on high energy cost and range-bound market rates, according to ICRA. While better coal linkage availability would provide some respite, the margins would remain significantly lower than the levels seen in FY 2021-2022, the ratings agency said in its latest report. ICRA expects the "primary base metal industry's earnings to weaken significantly in FY2023 and remain so in the near-term, owing to stubbornly high energy costs and range-bound metal prices," it said. The list of base metals include aluminium, copper, nickel, tin, lead and zinc. "The operating margins of domestic base metal entities are estimated to weaken significantly by around 10 percentage points in FY23, owing to the double whammy of metal price corrections and elevated coal costs. "Consequently, the operating margin of domestic entities is expected to remain range-bound at 19-20 per cent in FY24," Jayanta Roy, Senior ...

Metal stocks: A buying opportunity for traders or a deeper fall?

Multiple factors such as containing the global banking crises and China reopening will determine how rocky or smooth is the road ahead

Sanjeev Gupta takes over assets of father's Simec Group

The business is involved in renewable energy, shipping and mining, and was founded by the magnate as an export-and-import house in India

Valuations, demand uptick hopes favour Indian metal companies

Most metal players have underperformed the benchmarks over the past year

Q3 preview: Metal firms' sales likely to flatten, profits may plunge

Earnings may bottom out during Oct-Dec quarter, say analysts

Citibank upgrade lifts metal stocks; Nalco and SAIL shares gain

The BSE Metal Index rallied 1.5 per cent, outperforming the benchmark Sensex which rose 1.41 per cent

Worst may be over for NMDC stock: Cash flows likely to improve, say experts

Margins may have bottomed out, say analysts

Metal stocks rally despite decline in corporate earnings in Sept quarter

Bright future for sector could be a reason, say experts

Tata Steel to absorb 7 group companies, simplify holding structure

'Move would also drive synergies' and increase value for shareholders, says company

Metal sector: Investors should brace for a difficult Q2; H2 could be better

Metal spreads may not yet have bottomed out with guidances indicating Q2' FY 2022-23 may see lower profitability