Page 5 - Metal Sector

Metals & mining companies report record earnings in H1 of FY22

Net profit rises to Rs 82,500 crore; accounts for 20% of India Inc's combined net profit

Kennametal India posts over 2-fold jump in net profit to Rs 28 crore

KIL on Tuesday posted an over two-fold jump in its consolidated net profit

Stocks to Watch: Airtel, Dabur, Sun Pharma, HDFC, IRCTC, Steel, Gold stocks

Gold and steel related stocks are likely to hog the limelight in trades on Tuesday. The former on the account of Dhanteras, while the latter owing to hike in steel prices

Shyam Metalics' Rs 1,107-cr initial public offering to open on Jun 14

The Rs 1,107-crore initial share-sale of Shyam Metalics and Energy Ltd will open on June 14, merchant banking sources said on Saturday. The three-day initial public offer (IPO) will close on June 16 and the bidding for anchor investors will open on June 11, they said. The IPO comprises fresh issuance of equity shares worth up to Rs 657 crore and an offer-for-sale to the tune of Rs 450 crore by existing shareholders, according to the draft red herring prospectus. Those participating in the OFS are Subham Capital, Subham Buildwell, Kalpataru Housefin & Trading, Dorite Tracon, Narantak Dealcomm and Toplight Mercantiles. Going by the draft papers, the company intends to utilise the net proceeds from the fresh issue for repayment or prepayment of Rs 470 crore of its debt and that of its subsidiary, Shyam SEL and Power Ltd; and for other general corporate purposes. Shyam Metalics and Energy, which filed preliminary IPO papers with capital markets regulator Sebi in February, received its

Amid key concerns, metal stocks may see soft trend in medium-term

Cloud over domestic demand, rising global supplies and high valuations are key concerns

Statsguru: Commodity supercycle may hurt India amid Covid-19 pandemic

After a year of limited activity, several economies are expecting a faster-than-usual bounce back to normal. This has led to an increase in commodity prices across the board

Q4 results: Metals & mining firms riding high on the commodity price rally

Exports jumped 126 per cent year-on-year in March to 1.29 MT, compared with a monthly average of 0.65-0.75 MT in recent times

Limited supplies and high demand may continue to boost metal stocks

The BSE metal & mining index is up 144 per cent since the end of March 2020

2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic

While Covid-19-led lockdowns across the globe destroyed demand in the early part of 2020, a supply cut-driven rally and sharp recovery in the auto sector have emerged as big themes

Ranking on Dow Jones indices could raise investment appeal, say analysts

Contingent liability a critical parameter too, according to analysts

Atmanirbhar move: Tata Steel to source entire domestic requirement from Hind Zinc

Under the MoU, Hindustan Zinc will cater to both Tata Steel & Tata Steel BSL

Odisha govt approves investment proposals worth over Rs 1,851 crore

The projects got the go-ahead at a State Level Single Window Clearance Authority meeting chaired by Chief Secretary A K Tripathy.

India Ratings maintains negative outlook on base metals sector for H2 FY21

Agency says business disruptions led by Covid-19 likely to persist over next 6-9 months; realisations likely to remain volatile over H2 of FY21

India's metal sector severely hit by Covid-19; to see slow recovery: Report

According to the report, a severe dent in domestic demand for metals is anticipated and it will take until at least 2022-2023 to return to pre-pandemic levels

Steel stocks shine on higher demand hopes, driven largely by exports

Analysts at BofA Securities have turned positive on the Indian steel sector due to higher steel prices and improving China's steel demand outlook

Covid-19 impact on sectors: A two-quarter wait before growth picks up

The first of a three-part series highlights the issues faced by the auto, financial services, retail, and metals sectors

Ferrous metals headed for subdued start in FY21 due to dip in auto demand

Analysts believe that strict quarantine measures to enforce lockdown will lead to demand erosion even though the supply side is facing relatively lower disruptions

Depleting factory assets, market shutdown put metal SMEs' survival at stake

These units continue to incur costs like wages and interest on loans; worse, shipping lines and container services continue to dump them with demurrage in defiance of official directives

Domestic non-ferrous outlook negative as global metal prices crash: Icra

Covid-19 outbreak drags aluminium prices by 16%, zinc by 23%, copper by 20%

Secondary metal producers crumble under lockdown, shipping cos add to woes

Scrap imported at lower prices stuck at ports, finished goods lying at factories with no transport available; shipping firms make hay by charging huge sums for storage at ports