Buy these metal stocks for up to 60% upside in the next 6-12 months

After correction in the prices of metal stocks, valuations have turned favourable and risk-reward have become favourable across large-caps and mid-caps, said SBI Securities.

The brokerage is recommending seven stocks in this sector with an investment horizon of six to 12 months. It said the total allocation to the metal sector could be 7% of the portfolio with 1% of the investment in each stock.

“We are recommending these stocks as a contra bet on the global cyclical sector and it is recommended to accumulate the stock in parts over the next few weeks,” said SBI Securities in a note on Friday.