Shares of Tata Steel climbed as much as 1.7% on Thursday, extending a two-day rally to 5.5%, buoyed by firm global cues, a rebound in metal prices, and optimism surrounding the company’s UK operations. The stock has surged over 7% in the past week and is up 21% in the last six months, even as … Read more
Amnish Aggarwal, Head-Research, Prabhudas Lilladher, discusses the metal sector rally, noting raw material gains drove profits. Volume growth is crucial for further gains. Safeguard duties offer price support. MNCs are diluting stakes in Indian ventures due to valuation differences. Commitment levels and technology dependence are key factors. Stake reductions below 51% may signal reduced interest. … Read more
“Sectoral profits vary from 2% to 17% of profit pools. So, you would ideally want to buy these sectors when they are at the lowest end of the profit pool share in a cyclical sector and which is what we think that there is a potential trade which could last maybe another two-three-four years if … Read more
De-escalation in the US-China trade war sparked a strong rally in Indian metal stocks, which surged over 8% on Monday. The jump came after the world’s two largest economies agreed to significantly ease their tit-for-tat tariffs for a 90-day period. The rally was supported by a sharp uptick in global metal prices, driven by optimism … Read more
Metal stocks surged up to 3% in early trade on the BSE on Tuesday after the Indian government imposed a 12% provisional safeguard duty on certain steel products to curb rising imports, according to a Finance Ministry notification issued on Monday. The shares of Tata Steel surged the highest- by 2.6% to their day’s high … Read more
“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
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
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
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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