Page 5 - Metal Stocks

National Alumimiun slips over 4% after Q1 net plunges 40%

The company's consolidated net profit dropped to Rs 333.76 crore in Q1FY24 from Rs 557.91 crore in Q1FY23. Total income was down 16.1 per cent YoY at Rs 3,226.88 crore.

Lloyds Metals soars 7% on NSE debut; stock up 137% so far in 2023

Since 2021, the stock price of Lloyds Metals has skyrocketed 5,686 per cent to Rs 582.70 from level of Rs 10.07 at the end of December 2020.

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

Metals, FMCG stocks lift Indian stock market ahead of US Fed decision

The blue-chip Nifty 50 index closed 0.21% higher at 18,755.90, while the benchmark S&P BSE Sensex rose 0.14% to 63,228.51

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

Metal shares gain in subdued market; Jindal Steel, Tata Steel soar up to 4%

Thus far in the month of April, Jindal Steel has rallied 8 per cent, as against 1.6 per cent rise in the Nifty 50 and 5.7 per cent gain in the Nifty Metal index.

Hindustan Zinc surges 5% on announcing liberal interim dividend

Hindustan Zinc has fixed March 29, 2023 as the record date for the purpose of payment of fourth interim dividend worth Rs 26 per share.

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

Sunflag Iron up 15% in two days on acquiring 11.89% stake in Lloyds Metals

LMEL on March 16, converted and allotted the 0% 60 million OFCD's in to 60 million equity shares, representing 11.89% in the total voting equity share capital of LMEL to Sunflag Iron.

TMS Ep384: Essar group, free trade agreement, metal stocks, generative AI

How can Essar regain its lost glory? Has India benefitted from its FTAs? Is it time to bet on metal stocks as China reopens? What is generative artificial intelligence? All answers here

Metal index tops the rank of worst performers in Feb, rebound may not hold

Hindustan Copper and Vedanta may fall up to 19 per cent due to their weak chart structures.

Jindal Stainless (Hisar) fixes record date for merger with JSL; stock up 3%

JSHL Board approved merger of the company into Jindal Stainless with a swap ratio of 1: 1.95

Equity investors remain bullish on metal and mining stocks, shows data

This has driven a wedge between companies' earnings and their market capitalisation

Lloyds Metals hits new high on robust Q3 results; stock up 67% in 2 months

The company said that the revenue growth in Q3FY23 was driven by volume and price growth in both sponge iron and iron ore

Sensex, Nifty decline as metal, financials shares retreat amid FII outflows

From the Sensex pack, Axis Bank, NTPC, HDFC, HDFC Bank, Mahindra & Mahindra, ICICI Bank, Reliance Industries and Maruti were among the major laggards

Jefferies turns 'positive' on Indian metals on easing Covid curbs in China

The change in stance comes after almost a year of cautionary view. The Nifty Metal index advanced over 2 per cent while shares of Tata Steel surged nearly 6 per cent

Santa rally Day 2: Sensex, Nifty rise as banking, metal shares shine

Benchmark stock indices Sensex and Nifty closed higher for a second straight day on Tuesday on gains in banking, IT and metal shares following a firm trend in the global markets. The 30-share BSE Sensex jumped 361.01 points or 0.60 per cent to settle at 60,927.43. During the day, it rallied 420.26 points or 0.69 per cent to 60,986.68. The broader NSE Nifty climbed 117.70 points or 0.65 per cent to end at 18,132.30. From the Sensex pack, Tata Steel, Tata Motors, Larsen & Toubro, Asian Paints, Wipro, Bajaj Finance, ICICI Bank, Tech Mahindra and Titan were the major winners. Hindustan Unilever, ITC, Mahindra & Mahindra and Nestle were the laggards. "With strong support from global peers, the domestic market is attempting to recoup its previous week's losses. Metal stocks shone amid hopes of a demand revival in China on reports of loosening COVID restrictions. This, along with fears over supply disruptions from winter storms in the US, resulted in oil prices rising," said Vinod ...

Metal index gains over 1% as China eases Covid-19 rules; Hindalco up 4%

The reopening of the Chinese economy could brighten the outlook for global growth and commodity demand

Tata Steel, Hindalco: Golden Cross breakout can trigger bull-run in metals

The Nifty Metal index seems to be eyeing a new historic peak at 6,900-level; Thus, select stocks from this space could rally up to 15 per cent on their respective breakouts.

TMS Ep308: Old Pension Scheme, COP27, Metal Stocks, Data Protection Bill

Old pension scheme: Is politics trumping economics? COP27 loss and damage fund: Is India a net loser? Metal stocks: Will export duty rollback help? What're the data protection bill terms? Answers here