Page 5 - Metal Stocks

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

Metal stocks: Will export duty rollback help?

India has decided to remove export duty on steel, and steel making raw material. While industry has welcomed it, analysts do not see any benefit in the near term. How will related stocks be impacted?

Roll-back of export duty on steel has no near-term earnings upside: Experts

Analysts perceive the roll-back of export duties on steel as a valuation re-rating event, rather than an earnings upgrade trigger

Metal stocks rally despite decline in corporate earnings in Sept quarter

Bright future for sector could be a reason, say experts

SJVN soars 11% on commissioning 75 MW solar power project in Uttar Pradesh

The stock of state-owned electric utilities company traded at its highest level since February 2018.

Tata Steel rallies 4%, shares of subsidiaries fall up to 9% on merger plan

Shares of the to-be merged subsidiaries, Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, and TRF declined 2 - 9 per cent each.

Use the rally in Vedanta to exit the stock: Analysts

Vedanta on Tuesday inked a pact with the Gujarat government under which the company, along with Taiwan's Foxconn, will jointly invest $19.5 billion to set up a semiconductor project in the state.

Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME

The BSE Metal index was the top performer, up 1.4 per cent; Major metal and mining related shares gained 1-2 per cent each in intra-day trades on Friday.

Tata Steel, Vedanta look strong on charts, may resist China slowdown woes

Technically, probability of metal stocks entering a negative trend remains negligible. A resilient bullish trend seems clearly visible in Tata Steel and Vedanta.

Sandur Manganese turns ex-date for rights issue; stock zooms 50% in 7 days

On April 10, 2022, the board had approved rights issue in the ratio of 2 rights equity shares for every 1 equity share as on record date at a price of Rs 10 per share.

Tata Steel, Vedanta can surge 14%, provided they defy this chart formation

All metal stocks have "Death Cross", and if the current rally shows sustainability, the pullback rally would see added interest, indicate charts.