Page 10 - Metal Stocks

Nifty Metal Index jumps 25% in Nov on domestic rally, demand from China

The gain in share prices has been supported by the rally in commodity prices

Tata Steel, JSW Steel: Metal stocks poised for further upside, charts show

Nifty Metal has successfully conquered the 2,500 mark and is set to move towards 200-WMA, which stands at 2,969 levels.

Metal shares extend gain on demand recovery; Jindal Steel, Tata Steel up 4%

In the past one week, Nifty Metal index has outpaced the market by surging 8 per cent, as against 0.28 per cent gain in the Nifty50 index

Tata Steel Long Products freezes at 20% upper circuit on robust Q2 results

The company reported a consolidated net profit at Rs 59 crore in Q2FY21, as against loss of Rs 197 crore in the year ago quarter

MCX sees delivery of 106,814 tns in 5 base metal contracts since Jan 2019

Out of the total deliveries of metal, aluminium accounted for 30,771 tonnes, copper 24,852.50 tonnes, lead 10,517 tonnes, nickel 3,646.50 tonnes and zinc 37,027 tonnes

Tata Steel, JSPL: Morgan Stanley bullish on steel stocks; do you own any?

Supported by strong domestic demand in China, healthy exports, and rebound in domestic demand, global brokerage Morgan Stanley believes the steel industry's profitability cycle is turning faster

Stocks of metal firms outshine broader market despite long-term concerns

BSE Metal Index is up as much as 30% in last three months versus a 12.3% rise in Sensex

BSE Metal index jumps nearly 4%; SAIL advances 7%, Hindalco surges 6%

SAIL gained 8 per cent to Rs 37.3 after the company on Tuesday informed it attained a sales volume of 15.83 lakh tonnes in July.

Metal stocks can outperform the market. Here are a few trading strategies

Despite the fall in the Nifty Metal index on Friday, there still are some stock-specific opportunities which you can capitalise on. Here are a few trading ideas.

Metal stocks rally: SAIL jumps 6%; Tata Steel, Hindalco, JSPL gain up to 4%

Tata Steel, Vedanta, JSW Steel, and Nalco were up in the range of 2.7 - 3.2 per cent.

Hindalco: Tiding well over Covid-led disruption with tight cost control

Cost controls cushion domestic profitability in Q4, and US arm Novelis supports consolidated performance

'Too much, too fast' commodity rally unsustainable, says Goldman

The Wall Street bank sees downside risks in agricultural and energy markets, citing the recent strength as surprising given the massive inventory overhangs and depressed demand

Metal stocks shine amid strong global cues; JSPL, JSW Steel jump up to 10%

On the earnings front, Jindal Steel and Power (JSPL) on Monday reported a consolidated net profit of Rs 305.62 crore during the quarter ended March 31, 2020.

Despite dull business, downside limited for Hindustan Zinc stock

On the operating front, while lower zinc and lead realisations impacted profit, cost of production in the zinc business, too, jumped 7 per cent year-on-year

Defensive stocks soar as investors choose safety over uncertainty

The weight of FMCG, software and pharma companies in Nifty now at 31.5% from 25.3% in December 2017

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%

Cement, paint, pipes: Will construction relaxation aid these sectors?

With the demand likely to remain tepid even after the lockdown is lifted, analysts suggest picking stocks from long-term perspective and focus on firms with low debt levels and a healthy order book

Banks, NBFCs stocks lose sheen in Nifty amid coronavirus outbreak

Amid FII sell-off, contribution of financials to the index dips to 37.8%

SAIL, Vedanta jump up to 7% on rise in steel demand, improved FY21 outlook

Among individual stocks, SAIL soared 6.7 per cent to Rs 29.10 on the NSE, followed by gains in Vedanta, Jindal Steel, and Tata Steel.

Analysts turn cautious on metal stocks as coronavirus fears escalate

At the bourses, the Nifty Metal index has cracked 12 per cent year-to-date (YTD), as against a 3 per cent dip in the benchmark Nifty50 index till February 25