4 metal stocks Dharmesh Shah is bullish on for near term

4 metal stocks Dharmesh Shah is bullish on for near term

“We believe 51,400 to 51,000 should be the strong support for Bank Nifty and we should see a gradual recovery for Bank Nifty too. So, banking, metals, power space as a whole looks positive from the current levels,” says Dharmesh Shah, ICICI Direct.Any sector-specific moves that you are seeing? Any sectors that you are liking … Read more

Smallcaps: Narrative might go against them, but if chosen with right filters, don’t bother, 5 stocks from different sectors with long term perspective

Smallcaps: Narrative might go against them, but if chosen with right filters, don’t bother, 5 stocks from different sectors with long term perspective

Synopsis When investing in stock markets, it’s crucial to make the distinction between high-quality and poor-quality businesses across the small, mid, and large-cap spectrums, as well as the difference between the intrinsic value of a stock and the overall value of the company. Certain niche small businesses may still generate significant returns over time if … Read more

Why are metal stocks rallying: Explained!

Why are metal stocks rallying: Explained!

Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one year. ETMarkets spoke to Sonam Srivastava, Founder & CEO of Wright Research, to understand the factors behind the rally and more. Edited excerpts: 1. The Nifty Metal index has been … Read more

Coal India, Vedanta among 5 metal stocks that recorded highest profit in Q3 – ​Outperformers

Coal India, Vedanta among 5 metal stocks that recorded highest profit in Q3 – ​Outperformers

Hero MotoCorp. Share Price 4684.00 03:59 PM | 22 Mar 2024 164.11(3.64%) Maruti Suzuki India. Share Price 12337.70 03:59 PM | 22 Mar 2024 429.56(3.61%) UPL. Share Price 470.00 03:59 PM | 22 Mar 2024 14.45(3.18%) Apollo Hospitals Enterprise. Share Price 6375.90 03:58 PM | 22 Mar 2024 193.40(3.13%) Sun Pharmaceutical Industries. Share Price 1608.90 … Read more

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

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 … Read more

Can Q4 earnings be a game changer for this beaten-down pack?

Can Q4 earnings be a game changer for this beaten-down pack?

Last calendar year was a rough year for Indian metal stocks, and all the hopes that 2023 will bring some respite for the beaten-down sector are down in the doldrums as of now. In CY23, the Nifty Metal index recorded a decline of roughly 15%, making it the second worst performer, with Nifty Media leading … Read more

IT may see surprise on the downside; metals to continue to be subdued: Sandip Sabharwal

IT may see surprise on the downside; metals to continue to be subdued: Sandip Sabharwal

It is better not to be very bullish on IT stocks at this stage because there is uncertainty and delay in decision making. US financials are a big segment for many of these companies and they are suffering. It is tough to build a bull case although the stocks have underperformed significantly, says Sandip Sabharwal, … Read more

Chart Check: Metal stocks on a roll! Range breakout on weekly chart makes Vedanta a top buy

Chart Check: Metal stocks on a roll! Range breakout on weekly chart makes Vedanta a top buy

, part of the metal sector, rose by nearly 20% in the last 3 months which helped the stock to break out from a range since May 2022 on the weekly charts. The stock largely moved in a range where Rs 320 acted as a stiff resistance on the upside while on the downside 200-WMA … Read more